26 Armstrong Terrace, Paddington QLD 4064
26 Armstrong Terrace, Paddington QLD 4064
405m² inner-city block | 1980 build with 80% coverage | strong school catchments | flood and bushfire overlays | quick market demand
This property is positioned as a solid family house on a compact inner-city block, with a larger-than-typical footprint for its land size. The 1980 construction offers a more contemporary layout than much of the surrounding character stock, while the absence of heritage overlay increases redevelopment flexibility. Its placement within well-regarded school catchments and the evidence of strong local demand make it particularly suited to professional couples or families seeking established suburb amenity with minimal maintenance. The 80% building coverage balances indoor space against a modest garden, and the quick leasing and sales periods observed nearby confirm consistent interest in this property type.
The flood and bushfire overlays may be considered when assessing insurance costs and lender appetite, though the elevated ground position partially mitigates flood risk. Inconsistencies between public records on bedroom count and building size might be interpreted as a need for verified floor plans, as this could affect perceived utility. However, the absence of heritage constraints could support future renovations, while the high coverage ratio may limit outdoor changes. These factors are likely to be weighed against the strong locational demand when forming a view on price.
>> Comparable Sales: 22 Armstrong Terrace sold $1.41M in 2021 | Property Price Band: $1.8M-$1.9M | Value Drivers: 405m² land, no heritage overlay, school catchments
Detailed Independent Property Report prepared by PropCred Analyst team for 26 Armstrong Terrace, Paddington QLD 4064
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
Paddington, an inner-west Brisbane suburb, commands a premium, with median house prices around $2.1 million and units near $881,000. Professionals and young families drive demand, drawn by heritage homes, strong schools, and a lively café scene. House prices rose 5.8% annually, while units grew 9.3%, reflecting affordability pressures. Supply is constrained, and homes average 52 days on market. Population growth and infrastructure links underpin future demand, but high prices push buyers toward units. Rate sensitivity and affordability remain the key risks, with moderate forecasts of 4-5% house and 5-7% unit growth in 2026.
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PropCred Estimated Value
Bedrooms
5
Bathroom
2
Parking
-
Land
405m²
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