41 Ellena Street, Paddington QLD 4064
41 Ellena Street, Paddington QLD 4064
405m² inner-city block | Milton State catchment | 3 bed family layout | Paddington lifestyle proximity | redevelopment potential
The 405m² allotment is regarded as generous within this inner-city pocket, where many houses are built on considerably smaller footprints. A three-bedroom, two-bathroom configuration is offered as a practical family floorplan, well suited to owner-occupiers and investors alike. Placement within the Milton State School catchment is widely considered a significant advantage, and the established residential character of the street is reinforced by consistent demand from families and professionals seeking city convenience. The property is best matched to buyers who value land size, school access, and lifestyle proximity over polished presentation alone.
Value may be influenced most by the condition of the existing dwelling, which is likely to determine whether a buyer renovates in place or pursues a more significant rebuild. Opportunities are thought to exist for a substantial new residence on this land, so the property’s ultimate value might be unlocked through its land rather than its current house. The three-bedroom configuration may also limit appeal to a narrower family pool, and the actual aspect and orientation could either add or constrain a premium.
Detailed Independent Property Report prepared by PropCred Analyst team for 41 Ellena Street, Paddington QLD 4064
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
1
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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
Comparable Sales: 81 Ellena Street sold Jan 2026 for $1.95M | Property Price Band: $1.6M–$1.7M | Value Drivers: land size, condition, school catchment
Bedrooms
3
Bathroom
2
Parking
-
Land
409m²
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