Buyers Agent profile of Paddington 

Homesearch Solutions has purchased  numerous properties in Paddington over the past 16 years for both home owners and investors


buyers agent paddingtonPaddington
is one of the most well known suburbs in Sydney and is highly sought after. Famous for it’s rows of Victorian era terrace houses, restaurants, pubs, cafes and shops, it’s proximity to the CBD and other suburbs in the East, make it an ideal location to live.

Originally more of a working class suburb, Paddington underwent a massive upgrade from the 1970’s onwards, with renovators since improving many of the thousands of  terrace houses there.

Known as “Paddo” to the locals, the sense of community there is strong. You don’t have to walk far to meet friends at the local cafe, pub or restaurant.

Many of our buyers for Paddington tend to be couples, young families, expats and also down sizers.

Demand has caused prices to rise significantly there recently, although it tends to be more affordable than neighbouring Woollahra.

What type of property will you be able to buy in Paddington with your budget ?

Budget of around $250,000

Possibly a very small uninspiring studio unit, although there are not many available at this price level. Most studios tend to be well over $300,000.

4/6 Underwood St – sold for $230,000 in September 2015.

Studio unit. 1 bedroom combined with living, small bathroom and kitchenette, unrenovated, very small inside, no balcony or parking, limited outlook.

Buyers Agent Paddington

 

Around $500,000

Basic 1 bedroom units are available but will not have parking, and will be limited in size.

7/352 Moore Park Rd – sold for $500,000 in July 2015

Maisonette Unit. 1 bedroom with separate living area, small modern kitchen, bathroom, stairs up to unit

Buyers Agent Paddington

Around $750,000

1 and 2 bedroom units will be available and often with parking.

12/1 Brodie St – sold for $740,000 in October 2015

Unit. 1 bedroom, 1 bathroom, 1 parking space. Modern building, renovated, balcony with views to the city.

Buyers Agent Paddington

49/204 Jersey Rd – sold for $728,000 in June 2015

Unit. 2 bedrooms, 1 bathroom, no parking. Partly renovated, 1960’s style building, small balcony with a district outlook, lift access.

Buyers Agent Paddington

Around $1,000,000

At this price level you will still be mostly looking at 2 bedroom units, but also at very basic small terrace houses.

24 West St – sold for $983,000 in November 2015

Attached terrace house. 2 bedrooms, 1 bathroom terrace with no parking. Over 2 levels, unrenovated, narrow, has a small rear courtyard.

Buyers Agent Paddington

6/352 Moore Park Rd – sold for $985,000 in July 2015

Unit. 2 bedrooms, 2 bathrooms, 1 parking space. Modern unit over 2 levels, renovated.

Buyers Agent Paddington

Around $1,500,000

Mostly narrow terrace houses, and some quality units.

162 Windsor St – sold for $1,500,000 in October 2015

Attached terrace house. 2 bedrooms, 1 bathroom, rear garage parking. Over 2 levels, narrow and unrenovated, quality street and location.

Buyers Agent Paddington

14/11 Young St – sold for $1,520,000 in September 2015

Unit. 2 bedrooms, 2 bathrooms, 2 car spaces. Quality modern unit in the Paddington Green area, renovated and with 2 balconies.

Buyers Agent Paddington

Around $2,000,000

This price level will provide a better quality terrace house, and may be renovated and/or have parking.

137 Hargrave St – sold for $2,000,000 in August 2015

Attached terrace house. 3 bedrooms, 1 bathroom, 1 car garage at rear. Over 3 levels, modern renovation, rear courtyard

Buyers Agent Paddington

Around $2,500,000

Higher quality terrace house and will usually be renovated and with parking.

38 Stewart St – sold for $2,400,000 in October 2015

Attached terrace house. 3 bedrooms, 2 bathrooms, 1 car garage. Grand Victorian terrace, relatively wide, over 2 levels, renovated, rear courtyard.

Buyers Agent Paddington

Above $3,000,000

Premium houses in Paddington tend to be a mix of grand Victorian terrace houses, modern buildings and architectural conversions.

24 Albion Ave – sold for $2,900,000 in October 2015

Villa style house. 4 bedrooms, 2 bathrooms, no parking. 3 level modern villa, renovated, large overall internal and external space.

Buyers Agent Paddington

86 Hargrave St – sold for $3,520,000 in October 2015

Attached terrace house. 3 bedrooms, 2 bathrooms, 2 car spaces. Modernised 4 level house, well renovated, pool and garden.

Buyers Agent Paddington

86 Cascade St – sold for $4,000,000 in September 2015

Attached house. 5 bedrooms, 3 bathrooms, 1 car space. Modern house over 3 levels, pool, garden areas.

Buyers Agent Paddington

Windsor Castle Hotel – sold for around $13M in October 2015

Hotel converted to a residence. 4 levels, 5 bedrooms, renovated and modernised building with basement parking, lift and a swimming pool. Record sale in Paddington.

Windsor Castle Hotel

 

 

Buyers Agent Paddington

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Homesearch Solutions has been purchasing all types of properties for our clients in Paddington over the past 16 years. Therefore we know the area very well and what is achievable with your budget. Call Henry Wilkinson on 0409 105015 anytime if you would like to discuss your purchasing options there.