10 Tooth Avenue, Paddington QLD 4064

Character-rich Queenslander | elevated 405m² | deck and solar | flood overlay present | suited to owner-occupier seeking character and city proximity This property presents a strong buying case for a buyer who values the combination of classic Queenslander architecture with modern updates. The high ceilings, VJ walls, and polished timber floors are not merely cosmetic; they signal a level of craftsmanship and street presence that commands a premium in Paddington. The inclusion of solar panels, a 30m² deck, and an open-plan layout with stone benches and gas cooking means the house is liveable now without immediate renovation. The 405m² lot at 24m elevation, with rear lawn and potential for a pool, offers a rare backyard in this inner-city suburb. For an owner-occupier, the property provides a turnkey family home in a sought-after school catchment, with a configuration that supports both daily living and entertaining. The flood and bushfire overlays are the primary risk, and they will narrow the buyer pool and may affect insurance premiums and resale liquidity. The flood overlay in particular demands a thorough due diligence review of historical flood data and council flood maps. The property’s elevated position at 24m ground elevation, however, suggests the overlay may be a zoning formality rather than a practical risk, but it must be verified. The 46% site coverage and 8m roof height limit future expansion without council approval. For an investor, the rental yield of approximately 2.5% is below market average for the suburb, making this a capital growth play rather than a cash flow property. The best strategy is to hold as a long-term owner-occupier, leveraging the character and location for lifestyle and capital appreciation, or to renovate the under-house storage into additional living space to increase value and yield.