OFF MARKET

124 Underwood Street
Paddington NSW 2021

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Floor area: 143m2
Land area: 142m2
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Property Details for 124 Underwood St, Paddington

124 Underwood St, Paddington is a 3 bedroom, 1 bathroom House and was built in 1890. The property has a land size of 142m2 and floor size of 143m2. While the property is not currently for sale or for rent, it was last sold in April 2022.

Building Type
House
Year Built
1890
Floor Size
143m2
Land Size
142m2
Local Government
Woollahra
Lot/Plan
1/DP983830

Last Listing description (March 2023)

A rare and exciting opportunity exists to purchase two neighbouring terraces, to be sold separately or together in one line in a coveted Paddington pocket. Primed for renovation, this original terrace is in need of a complete overhaul and is essentially a blank canvas ready for transformation. It currently comprises generous proportions with formal lounge/dining plus a granite kitchen, while to the rear is a sunlit courtyard. The upper level comprises three well-scaled bedrooms, all of which are appointed with built-in wardrobes and there is an updated fully tiled bathroom. Explore the possibilities and capitalise on its fashionable village setting, a stroll to shops, cafes and galleries, Oxford Street, buses and all the attractions Paddington has to offer (STCA).

High Points

- Original interiors primed for restoration
- Adjoining formal lounge and dining rooms
- Neat kitchen, granite benchtop, ample storage
- Side access to sunny courtyard, storage shed
- Bedrooms with built-in robes, updated bathroom
- Great investment prospect in sought-after pocket
- Re-create/rebuild brand new residence (STCA)
- Stroll to village shops, cafes, galleries, buses

For all your home loan needs please give the team at Highland Financial Services a call on 02 9523 2699 or visit www.highlandfinancialservices.com.au

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Property History for 124 Underwood St, Paddington, NSW 2021

A timeline of how this property has performed in the market
Last Sold
$2,880,000
28 Apr 2022
  • 28 Apr 2022
    Sold for $2,880,000
  • 18 Mar 2022
    Listed for Sale Forthcoming Auction
  • 24 Aug 2020
    Sold

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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 7,602 properties. Over the last 5 years, Houses in Paddington have seen a 40.61% increase in median value, while Units have seen a 15.75% increase. As at 31 October 2024:

  • The median value for Houses in Paddington is $3,379,871 while the median value for Units is $1,129,007.
  • Houses have a median rent of $1,350 while Units have a median rent of $700.
There are currently 27 properties listed for sale, and 35 properties listed for rent in Paddington on OnTheHouse. According to CoreLogic's data, 326 properties were sold in the past 12 months in Paddington.

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