2 Mullin StreetPaddington QLD 4064
Property Details for 2 Mullin St, Paddington
Last Listing description (October 2025)
Welcome to 2 Mullin Street Paddington, an extremely rare offering made available to the public for the first time in over thirty years.
The unicorn has arrived! A versatile and historic two-storey Colonial Cottage offering a myriad of investment, living and work options. Formerly the local grocer, this late 19th century built property is located on the city side of Paddington at the end of a cul-de-sac, the property is just a few minutes' drive or walk from Brisbane's CBD, has easy access to the inner-city bypass to head in all directions out of the city and is within a short stroll to Caxton and Given Terrace for all conveniences.
Currently configured in an open plan office style environment on the lower level and a self-contained two-bedroom apartment on the upper level with separate entry, the property sits on a good sized 385m2 lot with front, side, and rear access to the property.
On entry via the quintessential undercover wraparound corner shop verandah, the lower level consists of a large open plan entry and air-conditioned room, with period features, soaring ceilings, VJ walls and stunning polished timber floorboards. There is a powder room located off this space and a small separate kitchenette for those tea and coffee breaks. This level also has a further two rooms that can be used as private office spaces or potentially as bedrooms. It is easy to imagine that with a little creativity this whole entire lower level could be converted into a separate living arrangement.
Upstairs is your traditional colonial cottage home, now a separate partly air-conditioned apartment consisting of a good-sized open plan living, dining and kitchen, two large bedrooms and combined bathroom and internal laundry. From here you have a wonderful outdoor under cover wrap around balcony that allows you to take in magnificent views of the district as well as city glimpses.
Externally you are blessed with parking options, there are three reserved parking spaces at the front of the home. At the rear there is a massive high bay carport for larger vehicles reached via a hard stand side driveway where more vehicles can be parked. Conceivably the property could potentially hold as many as eight vehicles on-site.
Features
• Dual income possibilities
• Conversion possibilities (STCA)
• Period Features
• Air-Conditioning
• Solar Power
• Close proximity to CBD and amenities
As the property is being sold as a residential property, your options are diverse. Perhaps leave as is and enjoy a dual income asset with little to no work. Live in one and rent out the other. Convert to two apartments or convert back to one large home. Whatever your property needs are, this really is a golden and unique opportunity that rarely come along in a blue-chip suburb like Paddington. And located on the edge of Brisbane's CBD your capital appreciation is assured. For further information or to request an inspection contact us anytime.
PLEASE NOTE - SOME INTERNAL PHOTOS SHOW VIRTUAL FURNITURE
Property History for 2 Mullin St, Paddington, QLD 4064
- 16 Sep 2025Sold for $1,750,000
- 26 Jun 2025Listed for Sale UNDER CONTRACT
- 10 Feb 2023Listed for Rent $500 / week
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About Paddington 4064
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 4,620 properties. Over the last 5 years, Houses in Paddington have seen a 80.24% increase in median value, while Units have seen a 89.40% increase. As at 31 December 2025:
- The median value for Houses in Paddington is $2,110,264 while the median value for Units is $897,988.
- Houses have a median rent of $850 while Units have a median rent of $600.
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