SOLD
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Sold on 31 Oct 2024 for $750,000

5/49-51 Stewart Street
Paddington NSW 2021

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 44m2
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Property Details for 5/49-51 Stewart St, Paddington

5/49-51 Stewart St, Paddington is a 1 bedroom, 1 bathroom Apartment with 1 parking spaces. The property has a floor size of 44m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 1 bedroom Apartment sold in Paddington in the last 12 months.

Building Type
Apartment
Floor Size
44m2
Local Government
Sydney
Lot/Plan
5/SP11339

Last Listing description (October 2024)

Set within a tightly held and small block of only 9 apartments, this north-west aspect apartment is located just a short stroll from Centennial Parklands, Five Ways and Oxford Street's vibrant shops, cafes, restaurants, and transport options.

With its unbeatable location and exciting renovation possibilities, this is your chance to purchase a low maintenance, entry level apartment, in an older style, low maintenance building located in one of Sydney's most prestigious suburbs.

Perfect as a first-home, city bolt-hole or ideal investment opportunity, with enormous potential for renovations and strong rental returns. Current estimated rental potential $600 - $650 per week.

PROPERTY FEATURES:

- Light and bright open plan living and dining with high ceilings, and timber parquetry flooring throughout
- Functional kitchen with wrap around benchtops
- Large bedroom featuring a built-in wardrobe
- Neat and tidy original bathroom
- Positioned on the 2nd floor of 3 floors
- Off-street car space to the rear of the building (exclusive use)
- Share laundry facilities with space for own washing machine and clothes lines
- Pet friendly

CONTRACT & COMPLIMENTARY STRATA REPORT AVAILABLE ON REQUEST

Balmain Realty "Real Estate Solutions for the Balmain Peninsula & Inner West"

(Every precaution has been taken to establish accuracy of the above information but does not constitute any representation by the vendor or agent)

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Property History for 5/49-51 Stewart St, Paddington, NSW 2021

A timeline of how this property has performed in the market
Last Sold
$750,000
31 Oct 2024
  • 31 Oct 2024
    Sold for $750,000
  • 22 Oct 2024
    Listed for Sale SOLD $750,000
  • 14 Dec 2001
    Sold for $270,000
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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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