213 Latrobe Terrace, Paddington, Qld 4064

House
Type
3
Bedrooms
2
Bathrooms
445 m²
Area

Published on Tuesday, July 21, 2026 ( See property details for 213 Latrobe Terrace, Paddington, Qld 4064)

For Sale

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile dual occupancy character residence in the heart of Paddington, offering immediate rental income and future development potential.

🏡 Property Highlights

  • Dual occupancy design with two self-contained residences offering immediate rental income
  • Centrally located in Paddington's most sought-after landmark area with walkable amenities
  • Character features including ornate fireplace, tongue-in-groove panelling, and soaring ceilings
  • Generous 445m² allotment with potential for extension and further enhancement
  • Excellent investment opportunity with proven rental returns and future capital growth potential
  • Extensive undercroft storage space suitable for additional development or storage

✨ Key Features

  • Built-in Robes
  • Open-Plan Living
  • Waterfront / Views
  • Outdoor Area
  • Secure Parking
  • Floorboards
  • Ensuite
  • Home Office / Study
  • Balcony
  • Pet-Friendly
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213 Latrobe Terrace
Paddington, QLD 4064
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Vertical aerial view — 213 Latrobe Terrace
213 Latrobe Terrace — Vertical Aerial  •  Paddington, QLD 4064  •  Nearmap © 2026

Paddington is a vibrant Brisbane suburb renowned for its historic character, boutique retail and dining precincts, excellent public transport, and proximity to the CBD. It offers a highly desirable lifestyle with a mix of heritage homes and modern developments, making it ideal for investors and families alike. The suburb's strong community feel, scenic streetscapes, and access to quality schools and parks contribute to its enduring appeal.

What are the current rental yields for this dual occupancy property?
The property demonstrates proven investment returns with dual income streams, making it an attractive option for investors seeking reliable rental yields in Paddington.
Can the property be extended or renovated to increase its value?
Yes, the 445m² allotment offers space for extension, and the extensive undercroft provides additional potential for renovation or development, subject to council approvals.
What character features are retained in the property?
The property features ornate fireplaces, carved timber mantels, tongue-in-groove panelling, and soaring ceilings that enhance its historic charm.
Is the property suitable for a family home?
Absolutely, the property offers a flexible layout with multiple bedrooms and living areas, making it suitable for family living or further customization.
What amenities and transport options are available nearby?
The property is within walking distance to Paddington Central, renowned retail and dining precincts, and benefits from excellent public transport infrastructure, including bus and train services.
Are there any existing planning restrictions or easements on the property that could affect future development? Has the property been inspected for any structural issues or defects, especially given its character features? Are there any upcoming council or infrastructure projects in the area that could impact the property’s value or living environment? What are the zoning regulations and potential for future subdivision or development on this allotment? Is the property located in a flood or bushfire-prone area, and what risk mitigation measures are in place?

213 Latrobe Terrace, Paddington, Qld 4064 - More Details

For Sale

Situated in Paddington's most central landmark area, this two-level, dual occupancy residence presents a strategic opportunity to secure immediate rental income while securing long-term investment growth and scope for improvements. Two self-contained residences offer a dual income stream, an opportunity rarely presented in such a convenient position.

Combining enduring character features and separate access, the upper level features two generous bedrooms, an ornate fireplace with a carved timber mantel, tongue-in-groove panelling that enhances the scale of soaring ceilings and a light-filled living area that captures a pleasant canopy outlook and suburban views. Downstairs, the self-contained one-bedroom residence includes a living space, bathroom and rear yard access, delivering genuine dual occupancy flexibility.

Demonstrating broad appeal, buyers entering the coveted Paddington market can do so with invaluable rental assistance. Whether you're seeking a proven investment, a home with supplementary income or a centrally located character cottage to expand on and create a magnificent family home, the versatility of this property is its greatest strength.


Property Highlights:

- 144m2 dual occupancy floor plan spread over two self-contained levels
- Entry level features street level access, 2 bedrooms, 1 bathroom and generous living area with retained character features
- Lower level features 1 bedroom, 1 bathroom and living space with rear yard access
- Proven investment returns with dual income stream and future capital growth potential
- Premier street frontage within walking distance to Paddington Central
- 445m2 allotment with space for an extension
- Extensive sub-floor undercroft - ideal for storage or further enhancement

Conveniently positioned on Latrobe Terrace, surrounded by Paddington's renowned lifestyle boutique retail and dining precinct, this property benefits from excellent public transport infrastructure and is situated within the highly regarded Ithaca State School catchment.

Just minutes from the CBD, combining immediate income potential, with significant scope to add further value or restore the existing character and extend to create a family home, this unique opportunity is rarely presented in one of Brisbane's most consistently high-performing suburbs.

Exclusively presented by Max Hadgelias 0411 276 372. Get in contact today to register your interest or 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 only.

**Any reference to development is general in nature and is subject to relevant council approvals. It is the responsibility of prospective buyers to make their own enquiries and seek professional advice prior to engaging in any negotiations. **
Type
House
Bedrooms
3
Bathrooms
2
Area
445 m²

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