Paddington at a glance
9,311
People
$2,100,000
Median sale
$775/wk
Median rent
1.92%
Suburb gross yield
Median sale from 35 recorded sales (last 12 months) — a Districts calculation.
QLD › Paddington › Mullin St
4
Bedrooms
1
Bathrooms
8
Car spaces
385 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
No recorded sale price for this property yet.
Local land rate: recorded House sales in Paddington (last 5 years) with land size have a median of $5,190/m² of land (n=54). Districts calculation from recorded sales — not a valuation.
Paddington at a glance
9,311
People
$2,100,000
Median sale
$775/wk
Median rent
1.92%
Suburb gross yield
Median sale from 35 recorded sales (last 12 months) — a Districts calculation.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
For more information on this property, visit Queensland Globe.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
QLDPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded. This lot’s own applications are a separate question.
Rental
No advertised rent is recorded. Suburb median rent $775/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded. This lot’s own applications are a separate question. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownArea
Paddington at a glance
9,311
People
$2,100,000
Median sale
$775/wk
Median rent
1.92%
Suburb gross yield
Median sale from 35 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White Paddington (Qld)Welcome to 2 Mullin Street Paddington, an extremely rare offering made available to the public for the first time in over thirty years.
The unicorn has arrived! A versatile and historic two-storey Colonial Cottage offering a myriad of investment, living and work options. Formerly the local grocer, this late 19th century built property is located on the city side of Paddington at the end of a cul-de-sac, the property is just a few minutes' drive or walk from Brisbane's CBD, has easy access to the inner-city bypass to head in all directions out of the city and is within a short stroll to Caxton and Given Terrace for all conveniences.
Currently configured in an open plan office style environment on the lower level and a self-contained two-bedroom apartment on the upper level with separate entry, the property sits on a good sized 385m2 lot with front, side, and rear access to the property.
On entry via the quintessential undercover wraparound corner shop verandah, the lower level consists of a large open plan entry and air-conditioned room, with period features, soaring ceilings, VJ walls and stunning polished timber floorboards. There is a powder room located off this space and a small separate kitchenette for those tea and coffee breaks. This level also has a further two rooms that can be used as private office spaces or potentially as bedrooms. It is easy to imagine that with a little creativity this whole entire lower level could be converted into a separate living arrangement.
Upstairs is your traditional colonial cottage home, now a separate partly air-conditioned apartment consisting of a good-sized open plan living, dining and kitchen, two large bedrooms and combined bathroom and internal laundry. From here you have a wonderful outdoor under cover wrap around balcony that allows you to take in magnificent views of the district as well as city glimpses.
Externally you are blessed with parking options, there are three reserved parking spaces at the front of the home. At the rear there is a massive high bay carport for larger vehicles reached via a hard stand side driveway where more vehicles can be parked. Conceivably the property could potentially hold as many as eight vehicles on-site.
Features
• Dual income possibilities
• Conversion possibilities (STCA)
• Period Features
• Air-Conditioning
• Solar Power
• Close proximity to CBD and amenities
As the property is being sold as a residential property, your options are diverse. Perhaps leave as is and enjoy a dual income asset with little to no work. Live in one and rent out the other. Convert to two apartments or convert back to one large home. Whatever your property needs are, this really is a golden and unique opportunity that rarely come along in a blue-chip suburb like Paddington. And located on the edge of Brisbane's CBD your capital appreciation is assured. For further information or to request an inspection contact us anytime.
PLEASE NOTE - SOME INTERNAL PHOTOS SHOW VIRTUAL FURNITURE
Listing description written by Nicholas Hall, Ray White Paddington (Qld) — reproduced as published, not verified by Districts.
Nearby development applications are not loaded. This lot’s own applications are a separate question.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.