5 Paterson St, Abbotsford is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 1880. The property has a land size of 146m2 and floor size of 88m2. While the property is not currently for sale or for rent, it was last sold in October 2024.
Serenely tucked away just moments from the iconic Abbotsford Convent and the Yarra River, this charming 2 bedroom Edwardian terrace is a hidden gem brimming with potential. A classic solid brick faade behind a courtyard garden and veranda reveals the completely comfortable single-level interior of this inviting period residence that with its delightful character and generous proportions is perfectly poised for todays living and tomorrows exciting plans. Freshly presented with whitewashed brickwork and high ceilings, this attractive home with a welcoming entrance hallway offers 2 good-sized bedrooms with the first highlighted by genuine red brick accents, leadlight windows and mirrored built-in robes while the second features an open fireplace. Further along is a bright open-plan living and dining room with heating/cooling that extends to a perfectly functional kitchen including a freestanding gas stove and dishwasher. Theres also a bathroom with a shower-over-bath, a separate laundry and a sunny and secluded courtyard garden that includes a solid brick shed and gate at the rear providing convenient ROW access. An exceptional opportunity for those with a vision for transformation, this highly-appealing terrace provides the perfect foundation for creating something truly special with ample scope to introduce contemporary finishes and even extend to a second level if desired (STCA). Positioned in a sought-after pocket of Abbotsford enjoying excellent, easy proximity to riverside nature trails, local cafes, restaurants, gastropubs, schools, Victoria Street shopping, trams and train station.
The size of Abbotsford is approximately 1.8 square kilometres. It has 10 parks covering nearly 14.0% of total area. The population of Abbotsford in 2016 was 8184 people. By 2021 the population was 9088 showing a population growth of 11.0% in the area during that time. The predominant age group in Abbotsford is 30-39 years. Households in Abbotsford are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Abbotsford work in a professional occupation.In 2021, 42.50% of the homes in Abbotsford were owner-occupied compared with 38.80% in 2016.
Abbotsford has 7,996 properties. Over the last 5 years, Houses in Abbotsford have seen a 12.42% increase in median value, while Units have seen a 6.15% increase. As at 30 November 2025:
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