Renovated home on tiny block sells for multi-million dollar price

Inside the stunning home at 39 Cochrane St, Paddington.Paddington has seen a major renovating trend, with mum and dad investors especially keen to undertake block splitting, with many blocks in the area sitting around 405sq m. Mr Argent said block size had not fazed buyers at all given the suburb’s proximity to the CBD.Before this sale, the most expensive 405 sqm block sale price recorded in Paddington was $2.05m at 34 Wilden St in March last year, while 43 Wilden St sold for $2.2m in 2013. Three other properties sold between $2.1-2.15m at 43 Prince St, 96 Howard St and 107 Howard St in 2011. The Cochran St property was a Paddington cottage that was extensively renovated. 39 Cochrane St Paddington Brisbane before and after shots of this renovated home for saleA STUNNING renovation project has become the most expensive home sold in Paddington so far this year.The home at 39 Cochrane St went under contract for more than $2.5 million after four days on the market.At that price the 405sq m block was also the smallest residential property to fetch a price tag above $2.5 million in the suburb. More from newsDigital inspection tool proves a property boon for REA website3 Apr 2020The Camira homestead where kids roamed free28 May 201939 Cochrane St, Paddington.Paddington hit the million-dollar median mark this year, according to CoreLogic data.The home, which was expected to settle on July 12, tapped into a rising market for finished inner-city homes, according to agent Daniel Argent of Urban Property Agents.It was part of “a growing trend among buyers towards smaller blocks as they look for a low-maintenance lifestyle”, with the hottest properties being renovated homes that combined indoor-outdoor living styles.

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