20 Princess Street, Paddington QLD 4064

4 bed | 2 bath | 1 car + carport | 455m² lot | flood and bushfire overlay | character-home finish This house sits well within Paddington’s established character stock, where compact lots and older dwellings command a premium for their inner-city position. The four-bedroom, two-bathroom configuration is practical for a professional household or downsizer seeking freestanding living without the maintenance of a larger property. Polished timber floors and soaring ceilings lift the interior beyond basic, and the 29% building coverage leaves meaningful outdoor space on a 455m² lot — a genuine advantage in a suburb where land is the primary value driver. The property is best suited to an owner-occupier who values character, proximity to the CBD, and school catchment access over parking abundance or a blank canvas. The flood and bushfire overlays are material considerations that may affect insurance premiums and borrowing appetite for some buyers, though they do not necessarily preclude a strong sale if the property has never flooded or sits outside high-risk zones. Parking is limited to one car space and one carport relative to four bedrooms, which could narrow the buyer pool for households with multiple vehicles. The absence of a heritage overlay offers more flexibility for future renovations or extensions, but any works will still need to navigate the overlay constraints and council’s character codes. A buyer should weigh these factors against the property’s location and finish when forming a view on price.