Historic Petrie Terrace cottage on one of city’s smallest lots for sale

25 Lutwyche St, Petrie Terrace is for sale It is smaller than council’s new minimum lot size, but this pint-sized piece of history is proving less can be more when it comes to inner-city real estate. A historic 1880s cottage sitting on just 112 sqm of freehold land has hit the market, offering a glimpse into both the city’s past and its high-density future. Located at 25 Lutwyche St, Petrie Terrace, the property once known as Te Whare is believed to be the city’s third-smallest freehold lot, dwarfed even by a nearby concrete driveway that recently sold for $895,000. The ‘cute as a button’ cottage is Brisbane’s third-smallest freehold lot But with a price guide in the low $1 millions, Ray White Paddington marketing agent Mathew Abboud said the “cute as a button” cottage fit modern buyers’ brief. “From a freehold housing percentage, 112 [square metres] — she’s tiny, but I like that,” Mr Abboud said. “Years ago, we would never market a block that size as being advantageous, but definitely now there is value in it.” He said the cottage with its latticed veranda was a rare alternative to apartment or townhouse living, located in a central but “surprisingly peaceful” pocket. Inside the o...