197 Underwood Street, Paddington

2 1 House
Sold $760,000


Looking for your first house and thought you couldn't afford Paddington? Well think again! This little ripper is a tidy 2 bedder in a good street, in reasonable order with great potential for easy renovation to add value and make a great home or terrific investment. Some of the original features are still intact, e.g. floorboards, fireplaces, high ceilings, so its on track for some interesting modernisation, perhaps blending old and new, or you could just freshen it up for the moment and get serious at a later date. It's in a great spot just back from all the fun of Oxford Street and very close to the more sophisticated pleasures of Woollahra village.

Affordable terrace with north courtyardWould benefit from renovation2 bedrooms upstairs (built-ins & balcony)Living room opens to dining with fireplacePractical, galley style kitchenTiled bathroom with laundry facilitiesReasonable order - potential to updateGreat location - quiet street behind OxfordRare as hens' teeth in this low $$ range
Council Rates: $282.76pq
Water Rates: $288.52pq
Land Dimensions: 3.05/3.02m x 16.59/16.74m approx

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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