12 Hazlewood Street, Paddington QLD 4064

3 bed house on 304m² lot in Paddington | near Ithaca Creek State School | recent market listing | video tour available This property presents a low-density housing opportunity on a substantial, flat lot in a established inner-city suburb, directly serving families prioritized within the Ithaca Creek catchment. Its configuration as a standalone house with dual carparks addresses a persistent undersupply for owner-occupiers seeking space and permanence in this precinct. The listing follows significant capital growth since its last transaction, positioning it for buyers with a long-term hold strategy who value land component over contemporary finishes. Proceed with the understanding that the premium for location and land size carries specific execution risks, primarily the cost of renovation to modernize the house and the potential for valuation shortfalls against optimistic listing estimates. The commercial logic lies in securing a scarce land parcel in a high-demand school zone; your position is secured through a disciplined purchase at a price reflecting its current, not aspirational, state. A plain judgment is to acquire for owner-occupied use, leveraging the land as a hedge against inflation, and engage Propcred to validate the real market valuation and assess locality-specific risks like zoning and insurability before final offer.