1 Fernberg Road, Paddington QLD 4064

Freestanding Queenslander | 473m² in Paddington | Solar panels installed | Flood overlay present | Strong rental yield potential This property offers a rare combination of a freestanding house on a full 473m² block in inner-city Paddington, where such land parcels are increasingly scarce. The Queenslander character aligns with local demand, and the solar panels add a modest but tangible efficiency advantage. The location near the CBD, within Milton State School and Kelvin Grove State College catchments, positions this house strongly for families or investors seeking long-term capital growth. The rental yield estimate of roughly 5-6% gross is competitive for the suburb, indicating solid tenant demand. The flood overlay is the primary risk, requiring careful insurance cost assessment and may narrow the buyer pool at resale. The 117m² building footprint is compact, limiting expansion without council approval. The off-market listing status suggests a motivated seller, presenting a negotiation opportunity. For a buyer, this property should be held for medium-term capital appreciation, with the solar panels and central location supporting steady rental income if not owner-occupied.