25 Sweetman StreetPaddington QLD 4064
Property Details for 25 Sweetman St, Paddington
25 Sweetman St, Paddington is a 8 bedroom, 4 bathroom Unit with 4 parking spaces and was built in 1960. While the property is not currently for sale or for rent, it was last sold in December 2024.
Last Listing description (September 2024)
Invest, Hold, Renovate Or Redevelop 1234m2 LMR2 Zoned Allotment With 4 Income Producing Flats
Central to all that makes Paddington one of Brisbane's finest and most in demand suburbs, this fully tenanted, simple post-war construction comprising of 4 x 2 bedroom, 1 bathroom plus 1 car space single level flats presents a rare opportunity to secure a large LMR landholding that holds huge potential. Investors, townhouse developers and desiring inner-city dwellers with a keen eye on capital growth will appreciate the continuing income stream while they explore the possibilities (STCA.)
Currently realising impressive annual returns in the vicinity of $54,080 (that's approximately $260 per week, per flat,) maintain the ongoing investment and landbank for the future, consider renovations and additions or consult an architect or your design team and start planning your dream build.
The land size, being over of an acre and having the most ideal northern aspect to the rear across the widest part of the block, lends itself to great Queensland design. There is plenty of room for a pool, to hold backyard cricket matches and to enjoy outdoor entertaining under the trees or under the stars.
Each flat contains a combined lounge, dining and kitchen space, good sized bedrooms and balcony, with under building parking, storage and shared laundry facilities.
Situated at the end of a cul-de-sac and surrounded by traditional cottages and more contemporary architecture, with a walkway leading to Upper Cairns Terrace and Moreton Street, this family friendly location is only 50m from Petrie Terrace State School and is in the secondary catchment for Kelvin Grove State College.
Within a few hundred metres of the Neale Macrossan Playground, skate park, Paddington Dog Park, sports court and Ithaca Swimming Pool, there are fantastic recreation options for all.
Less than a 10 minute walk will have you at Suncorp Stadium. Commencing at Darling & Co. this is just the start of a host of cafs, hotels and fine dining restaurants along the Given
Terrace and Caxton Street strips that will have you sampling something new each time you visit. With a quick bus commute into the city or across the river to Southbank for a mid-week show, Paddington is the place to be.
Additional site details and tenancy information relating to each individual flat is available upon request.
Contact me today to arrange an inspection.
Disclaimer:
This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes
Disclaimer:
We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.
Property History for 25 Sweetman St, Paddington, QLD 4064
- 27 Sep 2024Listed for Sale By Negotiation
- 27 Sep 2024Sold for $2,000,000
- 21 Jan 2022Listed for Sale Offers Invited
Recent sales nearby
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0About Paddington 4064
The size of Paddington is approximately 2.5 square kilometres. There are 10 parks, covering nearly 1.4% of the 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 4,624 properties. Over the last 5 years, Houses in Paddington have seen a 38.35% increase in median value, while Units have seen a 98.86% increase. As at 31 July 2026:
- The median value for Houses in Paddington is $2,175,225 while the median value for Units is $1,006,027.
- Houses have a median rent of $950 while Units have a median rent of $630.
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