Terrace Goals In Paddington

17 Feb 2023

With its leafy streets and signature Victorian terraces, Paddington is undoubtedly the most charming village in Sydney and it packs a punch in terms of lifestyle, culture and good times. Prices in the well-heeled suburb peaked during the pandemic but have stabilised over the past six months and there are now some great buying opportunities across all price points.

The best thing about Paddington is that there really is something for everyone from great pubs and cocktail bars to arthouse cinemas and designer boutiques and the new Oxford House hotel serves as a catalyst for yet more good things to come. Our Paddington specialists Catherine Dixon and Will Hesketh have a choice of three terraces that all offer a quintessential Paddo lifestyle.

In one of Paddington’s most fashionable enclaves, around the corner from The Intersection, 49 Glenmore Road, Paddington has been recreated by its architect owner to bring in the light and engage with the outdoors and comes with a buyer’s guide of $2.7m.

The owner says, “We’ve restored the 1890s facade back to its beautiful best and opened up the interiors to embrace a walled courtyard that serves as an extension of the kitchen as is a real suntrap while sculpted skylights bring light into the heart of the home. Key to the design was a pared back palette of oak and marble that complement the heritage details coupled with lots of storage so that everything is neatly tucked away. With Five Ways at one end of the street and Oxford Street at the other, living here is so easy with everything from cafes and delis to Pilates studios and cinemas within easy walking distance and it’s a quick trip to the city or beach.”

On the other side of Five Ways with a 5.5m frontage to one of Paddington’s best streets, 50 Cambridge Street, Paddington is just a few doors down from Glenmore Public School and an easy stroll to Trumper Park. With a buyer’s guide of $3.4m, the renovated four-bedroom home captures city views and features a skylit attic retreat that could be converted into another bedroom as well as rear lane access with potential for parking (STCA).

Those looking to enter the market will see the potential in 57 Cascade Street, Paddington. Will Hesketh says, “On a corner block and freestanding to the north, this is a perfect opportunity for those looking to scale up from an apartment in a top spot just 400m to Five Ways and a 650m walk across Trumper Park to Edgecliff station. Full of light and ideal to move in or rent out, there’s lots of scope here to add your stamp of style and with a buyer’s guide of $1.6m offers superb value.”

All three Paddington beauties will be open for inspection tomorrow so come and check them out before heading out to brunch or some retail therapy; we look forward to showing you around.

This week the sales team secured 19 sales with an average price of $3.8m and listed 24 new properties and the management team secure 8 tenancies and listed 4 new properties for lease.