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Sold on 24 May 2024 - Price Unavailable

31 Norfolk Street
Paddington NSW 2021

Bedrooms: 3
Bathrooms: 2
Car spaces: -
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Property Details for 31 Norfolk St, Paddington

31 Norfolk St, Paddington is a 3 bedroom, 2 bathroom House. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 3 bedroom House sold in Paddington in the last 12 months.

Building Type
House
Local Government
Woollahra
Lot/Plan
1/DP998224

Last Listing description (May 2024)

A rare and exciting opportunity exists to acquire a unique terrace in a desirable Paddington pocket, offering outstanding potential for numerous business, creative or residential endeavours.

The c1890s corner terrace, its side open to the north and bathed in all day sunshine currently comprises a successful business at the street level enjoying excellent exposure, while the adjoining multi-level residence offers generous proportions, tastefully renovated additions and timeless period fixtures.

Wonderfully versatile and enhanced by soaring ceilings, the main residence currently consists of two bedrooms, both of which are appointed with built-in wardrobes. There is a gourmet kitchen with premium Smeg appliances which adjoins a large living area offering plenty of space to entertain with French doors opening to a deep undercover balcony with sweeping leafy/district outlooks. There is an additional oversized living area on the ground floor looking out to the exterior courtyard.

The creative commercial space is a light-filled open plan environment with built-in shelving for storage and has its own kitchenette and bathroom. Previous DA approved uses include interior design studios, fashion shops, a footwear store plus head office, an art gallery and a pilates studio.

Further highlights include a large sun washed courtyard, a laundry, underhouse storage and rear lane access with scope for parking. This outstanding property is ready to enjoy as is, while presenting superb potential to rent out the separate business and reside in the multi-level property or extend/renovate or recreate one incredible family masterpiece (STCA).

Explore the potential to capitalise on its highly sought-after location, within a stroll of buzzing Five Ways, village shops, grocers, boutiques and eateries, while moments to Trumper Park, Glenmore Road Public School, Oxford Street and boasting rapid access to the CBD.

- Separate commercial space with kitchenette and bathroom
- Generous proportions w/ soaring ceilings and abundant light
- Gourmet kitchen, Smeg electric cooktop, range, dishwasher
- French doors open to a deep balcony awash with sunshine
- NE facing sun washed courtyard perfect for entertaining
- Oversized master bedroom with gorgeous leafy outlook
- Both bedrooms are appointed with built-in wardrobes
- Second loft-style bedroom features exposed brick walls
- Plantation shutters, timber floorboards, external laundry
- Bright and airy bathroom with combined bath and shower
- Reside in main residence and rent out lower shop/business
- Potential to recreate/renovate dream family home (STCA)
- Rear lane access with superb potential for parking (STCA)
- Stroll to Five Ways, shops, boutiques, grocers, eateries
- Walk to Glenmore Road Public School, buses, Trumper Park

Property History for 31 Norfolk St, Paddington, NSW 2021

A timeline of how this property has performed in the market
Last Sold
24 May 2024
Listed for Rent
12 Nov 2021
  • 24 May 2024
    Sold for $4,100,000
  • 29 Apr 2024
    Listed for Sale Auction Onsite | Saturday May 25th, 1:30pm
  • 30 Sep 2021
    Listed for Rent - Price not available
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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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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.