135 Latrobe Tce, Paddington is a 1 bedroom, 1 bathroom House and was built in 1986. The property has a land size of 579m2 and floor size of 91m2. While the property is not currently for sale or for rent, it was last sold in August 2021.
An exceptional opportunity awaits savvy investors looking to secure commercial or mixed-use premises in a prime location on Latrobe Terrace. Surrounded by thriving businesses and residential investments, this property boasts a prominent position that ensures visibility and success.
The approved development plan showcases a smart design that maximizes the potential of the land, taking into account the gradient and elevation to optimize profitability. Whether you're looking to occupy the existing dwelling or embark on a full-scale renovation and development project, this property offers a wealth of possibilities.
Key features of the development approval include:
Conversion of the street-level dwelling into commercial space, featuring a retail showroom and three offices
Addition of a two-bedroom, two-bathroom unit and a one-bedroom plus study, one-bathroom unit
Provision of four basement car spaces and storage
Installation of a lift
Availability of five open car spaces
The current dwelling boasts:
-A generous 579m2 area with a 15-meter street frontage
-Serene suburban views at the rear of the property
-An expansive living area adorned with character features
-A functional kitchen
-A bathroom with shower and inclusive toilet
-Covered front and rear verandahs
With its adaptable floor plan, this property offers a range of opportunities and will appeal to investors with a keen business sense seeking premises in a high-profile location for a commercial venture or a lucrative addition to their property portfolio.
The size of Paddington is approximately 2.5 square kilometres. It has 10 parks covering nearly 1.4% of total area. The population of Paddington in 2016 was 8562 people. By 2021 the population was 9063 showing a population growth of 5.8% in the area during that time. The predominant age group in Paddington is 20-29 years. Households in Paddington are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Paddington work in a professional occupation.In 2021, 55.60% of the homes in Paddington were owner-occupied compared with 52.40% in 2016.
Paddington has 4,623 properties. Over the last 5 years, Houses in Paddington have seen a 57.83% increase in median value, while Units have seen a 100.41% increase. As at 30 April 2026:
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