Right in the heart of inner-city Petrie Terrace is this exciting property that offers so much in terms of flexibility and lifestyle, with the added bonus of a healthy rental return.
What was originally a worker's cottage built in 1864 has been transformed into a very spacious, two-level property, which can be occupied as either one large home, or two completely self-contained three-bedroom dwellings, each as stylish as the other.
Each level of this property mirrors the other, right down to matching fireplaces in the open plan living and dining rooms. Both kitchens are also equally as well appointed, with sleek stone benchtops, plenty of storage and quality stainless steel appliances including 900mm freestanding ovens.
The generous bedrooms all have built-in storage and on each level you will find a roomy master, with its own ensuite. There are covered rear decks for alfresco entertaining, while the lower level of the home also accesses a leafy and enclosed courtyard. Car accommodation is taken care of, with a double lock up garage and the home comes with four resident permits for street parking.
This property offers so much versatility. It could be enjoyed as one large and secure home; you could occupy one level and rent the other or rent out both. It's perfect for owner-occupiers searching for a 'lock up and leave' city pad and for the investor it has been a consistently strong rental, with returns circa 5.5% per annum.
In terms of lifestyle, this home epitomises inner-city living. It's a short stroll to the shops, cinemas and restaurants of the Barracks Shopping Centre, Paddington shops and cafes and the Roma Street parklands. The best inner-city schools are close at hand as is the heart of the CBD. And while the home is located close to the buzzing Caxton Street entertainment precinct and Suncorp Stadium, the solid construction, serious insulation, commercial-grade glazing and air-conditioning ensures it is also a peaceful sanctuary.
It is not often you find a property with both capital growth and excellent yield prospects in the inner-city. Do not delay an inspection.