5/67 Elizabeth Street, Paddington QLD 4064

Paddington apartment | 2-bed 2-bath | 1 car space | 1996 build | strong location demand This apartment at 5/67 Elizabeth Street offers a competitive inner-city position in a tightly held suburb where comparable stock is scarce. The two bathrooms and dedicated car space provide a functional edge over many older Paddington units, making it suitable for owner-occupiers seeking low-maintenance living or investors targeting consistent rental demand. The 2024 sale of a similar unit in the same complex for $822,500 provides a strong local benchmark, supporting the view that value is underpinned by location and limited supply rather than land size. The bushfire overlay is a specific risk that should be investigated through a full building and strata report, though no flood or heritage overlays apply. The significant price gap between the 2022 sale and current estimates may indicate a distressed prior transaction or broader market uplift, so recent comparable sales should be verified. Strata costs and building condition remain key considerations for any apartment purchase, and the property’s appeal is strongest for buyers prioritising location and lifestyle amenity over land content.