18/38 Stephen Street, Paddington

1 Studio


Fresh, bright and displaying a good-sized open layout, this well-presented studio apartment captures the essence of low-care urban living with its easy-to-maintain floorplan and premium location right in the heart of Paddington. This is the perfect pad for city professionals or a great investment option as it is designed for a lock-up-and-leave lifestyle offering quick access to CBD bus services, and within a stroll to Five Ways' dining, shops and cafes plus all the action along Oxford Street.

This deceased estate represents excellent value for money and is presented in good condition, ready to live-in or lease out immediately. There is also plenty of potential for a creative renovation to add even more style and appeal to truly capitalise on such a sought-after location that's just a few minutes down to Rushcutters Bay's parklands and foreshore walks.

Positioned in a leafy setting way back from the streetPractical floorplan with combined living/dining/bedroom areaWhisper quiet and good natural light throughoutA fully equipped kitchen plus a separate bathroomPart of a well-maintained brick complex of 18 apartmentsPresented in great condition with scope to further improveWalking distance to transport, local cafes, parks and moreA prime opportunity for market newcomers and investors

Property Information

  • Strata Admin Fund $782/quarter
Suburb Guide


Just 3km from the CBD, quaint and charming Paddington is one of Sydney's best-known suburbs. It's renowned primarily for Oxford Street, the vast boulevard which runs north to south through the entire suburb and is one of Sydney's premier shopping destinations.Lined with interesting boutiques, high-street shops and eclectic specialty stores, it's also the home of the Paddington Markets, held every Saturday in Paddington Primary School. Glenmore Road (The Intersection with Oxford Street), William Street and Five Ways have also emerged as world-class shopping strips, and it's here that you'll find some of the city's most fashionable boutiques.Paddington is famous for the ornate Victorian terraces which dominate almost every one of its meandering streets. Still quite working class up until the late '80s, Paddington's rapid gentrification saw these formerly rundown residences snapped up and renovated at a rate of knots, with the high demand sending prices skyrocketing into the million dollar stratosphere.

Paddington plays host to a vast array of revered galleries, including the famed Sherman Galleries, which congregate primarily around Glenmore Road and the prestigious tree-lined boulevard of Paddington Street.

It's well-known for its pub culture, with traditional hotels such as The Royal, Bellevue, The London and The Paddington Inn offering great pub food at reasonable prices. A firm favourite among trendy inner city types and executives, Paddington's increasingly high prices mean that the affluent have a firm foothold on the suburb.

Suburb Features


  • Glenmore Road Public School
  • Paddington Public School
  • St Francis of Assisi School (Primary)
  • Sydney Boys High School
  • Sydney Grammar Edgecliff Preparatory School
  • UNSW Art & Design College


  • Centennial Park Summertime Moonlight Cinema
  • Chauvel or Verona cinemas
  • Paddington Library
  • Paddington Markets
  • Paddington Reservoir Gardens
  • Royal Hospital For Women Park
  • Sydney Cricket & Sports Ground Trust - Stadium Fitness Centre
  • Sydney Cricket Ground
  • Sydney Football Stadium
  • Trumper Park Oval
  • The Palms Tennis Centre
  • Victoria Barracks and Army Museum


  • 10 William
  • Barbetta
  • Buon Ricordo Ristorante
  • Chubby Cheeks
  • Cipri Italian
  • Freds
  • Paddington Inn
  • Royal Hotel Paddington
  • Saint Peter
  • Tequila Mockingbird
  • Ursula's Paddington
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