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 › Herbert St
$1,480,000
Last sold
26 Mar 2026
3
Bedrooms
1
Bathrooms
0
Car spaces
405 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
$1,480,000
26 Mar 2026 · derived via latest_sale
Local land rate: recorded House sales in Paddington (last 5 years) with land size have a median of $5,233/m² of land (n=53). 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.
Vs Paddington
-29.5%
Median sale
Suburb $2,100,000
+0.80 pp
Gross yield
Suburb 1.92%
Suburb median $2,100,000 from 35 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
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. No recorded off-street parking — often a discount versus the suburb median for the same beds.
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)Opportunities like this are incredibly rare.
Held within the same family for more than seven decades, 42 Herbert Street is now being offered to the market with clear instructions to sell, presenting an exceptional chance to secure a foothold in one of Paddington's most tightly held and desirable streets.
Set on a generous 405m² parcel, this original pre-war workers' cottage provides the perfect canvas for those looking to create something truly special. Whether you choose to renovate, raise, or extend (STCA), the site offers outstanding potential to design and build your dream home in a blue-chip inner-city location - at a genuine entry point into the Paddington market.
The existing home features 2/3 bedrooms and 1 bathroom, retaining elements of its traditional character with high ceilings and classical VJ's throughout.
The scope, position and land size will capture the attention of all seeking to establish themselves in this coveted pocket.
A standout feature is the flat block and oversized backyard - a rare find in Paddington - offering the space and flexibility to create the ultimate inner-city lifestyle home.
Positioned on one of the suburb's most prominent and convenient streets, Herbert Street enjoys effortless access to Rosalie Village, where cafés, restaurants, boutique shopping and the iconic cinema create a vibrant village atmosphere. Public transport options are nearby, ensuring seamless connectivity to the CBD and surrounding lifestyle precincts.
Properties in this tightly held street are rarely offered, and with the current owners highly motivated to achieve a result, this represents an outstanding opportunity to secure a premium position and bring your dream home to life.
Your opportunity to enter the prestigious Paddington market and create something remarkable starts here.
Auction:
26th March @ 6pm
Ray White Paddington In rooms - Darling and Co
* Where properties are being sold without a price, in accordance with government regulations a price guide cannot be provided. Please also note that the website being viewed may have filtered the property into a price bracket for functionality purposes.
* Land dimensions are sourced from Pricefinder & B.C.C and should be used as a guide only
Listing description written by Mathew Abboud, 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.