The Resurgence Of Paddington As A Cultural And Creative Hub
Paddington is synonymous with the elegant Victorian terraces that line the fashionable streets with their pretty lacework facades and period detailing giving them plenty of charm and making them among the most coveted real estate in Sydney. With the proximity to the city, parks and beaches as well as great schools, Paddington is perfect for young families and now is a great time to buy in this connected pocket of the east with a great range to choose and plenty of off-market opportunities.
Paddington specialist William Hesketh says, “Paddington has and always will be a fantastic place to live and Oxford Street is in the middle of a major rejuvenation that will breathe new life into one of Australia’s most famous streets with the Oxford & Foley activated laneway serving as a catalyst for growth. This means that now is a perfect time to buy in the area and Victorian terraces each have their own unique flair so there’s always plenty of scope to flex your creative muscles and play around with layouts and interiors to design something special.”
A fantastic example is 24 Victoria Street, Paddington, tucked away in a quiet one-way enclave just behind cosmopolitan Oxford Street with a buyer’s guide of $1.8m. A sunny NE rear aspect and excellent footprint lends the home to cosmetic renovation with scope to add your stamp of style while capitalising on its prime location surrounded by cafes, restaurants and galleries with rear access to a child-friendly reserve.
With DA approval already in place and for sale at $2.545m, 33 Hargrave Street, Paddington is ready to be transformed into a cutting-edge family residence with approval for a third storey and a dual level self-contained studio at the rear. A prized position between Five Ways and Woollahra village is ideal for families, 300m to Glenmore Road Public School and 500m to Trumper Park’s green spaces and bushwalks.
If you’re looking for the finished product, 75 Leinster Street, Paddington offers great value with a guide of $2m. An easy commute to the city, the beautifully renovated three-bedroom home is set on a one-way street footsteps to Allianz Stadium and 500m to the gates to Centennial Park
On the edge of Five Ways, 52 Brown Street, Paddington is a tastefully renovated three-storey 1890s terrace with invaluable rear lane access to a lock-up garage and DA approval for a third bedroom making it ideal to move straight in with scope to add value in the future.
At the top end of the market, right next to the upcoming Oxford & Foley precinct, 22 Oxford Street, Paddington is an architecturally reinvented Mixed Use terrace comprising a high-visibility 95sqm commercial space and luxurious whole-floor residence with a landscaped rooftop garden and rare triple parking. Take your place in the heart of Sydney’s most iconic retail strip and be part of the re-emergence of Oxford Street as the focal point for the city’s cultural and entertainment scene.
This week the sales team secured 7 sales with an average price of $1.5m and listed 6 new properties. Check out the full details of our listings below and please don’t hesitate to reach out if you’d like any further information; we look forward to showing you around at our upcoming open homes.