Paddington holds a special place in the hearts of Sydneysiders as it manages to achieve a perfect balance of city sophistication and old-world charm. Celebrated for its leafy streets, beautiful terraces and friendly village vibe, Paddington has cemented its reputation as a place that will never go out of fashion. It’s also one of the most walkable suburbs in the east and home to everything from arthouse cinemas and antiques stores to cafes and cocktail lounges and just a quick trip into the city. 

Our Paddington specialists Catherine Dixon, Kane Dunkley and William Hesketh have got the suburb all wrapped up with a choice of fantastic homes and there’s some good news too for those looking to enter the market. Kane explains, “After huge price growth over the past 18 months, the Paddington market is now experiencing a rectification. A-grade suburbs are not as susceptible to big price fluctuations as demand continually outweighs supply so this is a unique time for buyers. The price adjustment is being driven by a drop in buyer sentiment which presents a rare opportunity for those who are willing and able to buy. We saw a similar pattern in buyer behaviour at the beginning of the Covid pandemic when a larger portion of buyers held off before all jumping back into the market at the same time which pushed prices up again. In my opinion, right now is the best time to buy in Paddington but I don’t know how long this window of opportunity will last!”

Whether you’re looking to invest or get a foothold in one of the country’s most sought after postcodes, Catherine and her team have options across all price ranges. First up is a signature Victorian Italianate terrace at 51 Glenmore Road, Paddington between Five Ways and The Intersection. The renovated terrace comes with a buyer’s guide of $2.3m and offers potential to add value with DA approved plans by CM Studio to further extend.

Those looking to add their stamp of style to a classic beauty will see the value and potential in 56 Selwyn Street, Paddington. Available for the first time in decades and with a buyer’s guide of $3m, the 5m wide terrace is tucked away in the heart of the arts precinct with rare double parking including a lock-up garage with studio above. 

Perfect for families, 68 Cascade Street, Paddington is an architecturally redesigned three-storey terrace just up from Trumper Park with Paddington Alimentari around the corner. In the catchment for Glenmore Road Public School, the four-bedroom home comes with rear lane access to garaging buyer’s guide of $3.5m. Just a few doors up, 5 Cascade Street, Paddington makes a welcome addition to the streetscape with its gorgeous pastel facade and deep forecourt entry. The beautifully renovated three-bedroom home captures the essence of streamlined designer luxury with an easy indoor/outdoor flow that’s perfect for entertaining and comes with a guide of $3.5m.

At the top of the village and at the top of the market, 52 Underwood Street, Paddington packs a punch with its glamorous mix of mid-century magic and Hollywood Regency flair. Beyond its charming 19th century facade lies a light and spacious two-storey home that opens out to a lush tropical garden oasis with a heated plunge pool. The three-bedroom home features a lock-up garage accessed via Belmore Place and comes with a guide of $4.7m.

All of these Paddington homes will be open to view tomorrow, so come and check them out and then indulge in some retail therapy, a delicious brunch or some good old-fashioned pub grub.

This week the sales team secured 6 sales with an average price of $2.5m and listed 11 new properties.