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Overview
This property is a terrace located in Paddington, offered at $3.5 million. It features 2 to 3 bedrooms and includes parking, which was a non-negotiable requirement for the client. The terrace is situated on the ground floor and offers level access to nearby coffee shops, making it convenient for daily living.
The client initially found a one-bedroom, one-bathroom terrace that met some of her criteria but lacked guaranteed parking. After thorough research and discussions with neighbors and the council, it was confirmed that parking was not permitted due to council restrictions. This led the client to seek alternative properties.
Subsequently, the client was outbid at auction on another property, indicating strong competition for similar homes in the area. Eventually, the client was introduced to a unique terrace that met all her requirements, including parking. After reviewing building reports and contract details, the client exchanged contracts promptly to secure the property, paying a slight premium to avoid auction.
This terrace is notable for its rarity in the market, combining desirable features such as multiple bedrooms, parking availability, and proximity to local amenities. The property had been lightly renovated and was previously owned by a resident for over 30 years, highlighting its established character and appeal.
Overall, this terrace represents a unique opportunity in Paddington, offering a blend of convenience, comfort, and secure parking in a sought-after location.
Local Market Insights
In Paddington, Quiet Listings observed 16 new houses entering the market over the last 30 days, up from 11 during the previous 30-day period, with an average advertised asking price of $3,304,688. The property type mix of listed properties is predominantly Houses at 72%, followed by apartments (20%), and commercial properties (4%). Bresic Whitney was the most active agency in this area, representing 63.6% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Change History
| Headline | When |
|---|---|
| Private Sale, Only Buyer To Inspect | |
| $3.5m |
Location
Paddington NSW 2021
Market Insights for Paddington NSW 2021
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
