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33 Hargrave Street, Paddington NSW 2021

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$2.6M - $2.86M High Confidence Calculated based on strong search observations.

House 2 Beds 1 Bath 114 m²

Listed: 9 days ago

Updated: yesterday

Overview

Situated on a compact 114sqm landholding in the heart of Paddington, this Victorian terrace offers a unique opportunity to develop a bespoke family residence with architectural approvals already secured. The property is designed to evolve, boasting plans for a contemporary three-level home enhanced by a separate two-level studio at the rear, perfect for flexible living arrangements or potential rental income.

The existing two-bedroom terrace retains charming original elements including timber floors, high ceilings, and exposed brick walls, which when combined with separate living and dining areas and a sunny rear courtyard, provide comfortable and inviting living spaces. The main bedroom’s adjoining sunroom adds brightness and a connection to the outdoors.

The inclusion of rear access via Windsor Lane further enhances functionality and convenience, enabling easy entry and parking possibilities. Located on one of Paddington's most sought-after streets and mere moments from vibrant local hubs like Five Ways and Queen Street, the property promises both a tranquil residential lifestyle and proximity to cafes, shops, and amenities.

This offering will appeal to buyers seeking a project with strong architectural groundwork in place, whether that be families desiring a modern home in an established area or investors looking for a property with attractive development potential. The blend of heritage charm and contemporary vision allows for a tailored living space uniquely suited to the occupants’ lifestyle preferences.

Local Market Insights

In Paddington, Quiet Listings observed 15 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 $4,578,137. The property type mix of listed properties is predominantly Houses at 71%, followed by apartments (29%). The most active agency for houses in the Paddington area is currently Sotheby's International Realty, representing 33% of new listings, followed by Bresic Whitney with 33%. 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.