FOR SALE
For Sale | $480,000

47/237 Underwood Street
Paddington NSW 2021

Bedrooms: -
Bathrooms: 1
Car spaces: -
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Studio apartment set in the heart of Paddington with district views

Presenting the opportunity to take advantage of an incredibly central address, this apartment offers enormous potential for renovations and solid rental returns. Whether you are looking to invest in a property or buy your first home, this residence is sure to appeal. Capturing district outlooks towards Bondi Junction, it's just a walk from Oxford Street's transport, shops, cafs and restaurants. This property is also close to Five Ways and Queen Street Village, while a short drive from the CBD.
Features include:
- Bright interiors provide flexible setting for living, dining or accommodation
- Light filled kitchen plus bathroom complete with combined shower and tub
- Lift access to rooftop terrace surrounded with far-reaching district views
- Security building, scramble parking, communal laundry on each floor
- Moments away from Centennial Park and Paddington markets
- Easy access to Bondi's vibrant shopping precinct and iconic beachfront
- Handy to Darlinghurst, Surry Hills, Kings Cross, Darling Square and Chinatown

Property Details for 47/237 Underwood St, Paddington

47/237 Underwood St, Paddington is a 0 bedroom, 1 bathroom Studio. The place is currently for sale with LJ Hooker Double Bay.

Building Type
Studio

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About Paddington 2021

The size of Paddington is approximately 1.6 square kilometres. It has 28 parks covering nearly 12.1% of total area. The population of Paddington in 2011 was 12,135 people. By 2016 the population was 12,889 showing a population growth of 6.2% in the area during that time. The predominant age group in Paddington is 30-39 years. Households in Paddington are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Paddington work in a professional occupation. In 2011, 51.1% of the homes in Paddington were owner-occupied compared with 51.5% in 2016.

Paddington has 7,685 properties. Over the last 5 years, Houses in Paddington have seen a 32.50% increase in median value, while Units have seen a 22.70% increase. As at 30 November 2024:

  • The median value for Houses in Paddington is $3,301,141 while the median value for Units is $1,150,315.
  • Houses have a median rent of $1,350 while Units have a median rent of $700.
There are currently 18 properties listed for sale, and 26 properties listed for rent in Paddington on OnTheHouse. According to CoreLogic's data, 316 properties were sold in the past 12 months in Paddington.

Suburb Insights for Paddington 2021

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Lj Hooker Double Bay
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.