SOLD
Sold on 20 Mar 2024 for $415,000

1/56 Hopewell Street
Paddington NSW 2021

Bedrooms: -
Bathrooms: 1
Car spaces: -
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Property Details for 1/56 Hopewell St, Paddington

1/56 Hopewell St, Paddington is a 0 bedroom, 1 bathroom Unit and was built in 1975. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 0 bedroom Unit sold in Paddington in the last 12 months.

Building Type
Unit
Year Built
1975
Local Government
Woollahra
Lot/Plan
1/SP10424

Last Listing description (June 2022)

Studio Apartment

Located within the heart of Paddington's shops and cafes this chic studio offers a lifestyle of ease and convenience.
- Spacious living with high ceilings and leafy outlook
- Kitchen with granite benchtops and gas cooking

- Ample cupboard storage space within kitchen
- Tiled throughout with large windows to allow for natural sunlight
- Fully tiled bathroom with shower only, internal laundry facilities
- Shared laundry also within complex if desired
- Easy walk to Paddington Five Ways, Oxford Street and the CBD

Property History for 1/56 Hopewell St, Paddington, NSW 2021

A timeline of how this property has performed in the market
Last Sold
$415,000
20 Mar 2024
  • 10 Jun 2022
    Listed for Rent $350 pw
  • 01 Jun 2021
    Listed for Rent $300
  • 13 May 2020
    Listed for Rent $250
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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 7,684 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 25 properties listed for rent in Paddington on OnTheHouse. According to CoreLogic's data, 320 properties were sold in the past 12 months in Paddington.

Suburb Insights for Paddington 2021

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Disclaimer
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.