53/237 Underwood Street, Paddington

1 1 1 Apartment


Really good one bedroom apartments are particularly hard to come by, especially in the older, more affluent suburbs like Paddington and Woollahra, and this little ripper stands virtually on the border of both. On the 5th level of a popular 70's highrise, this bright, quite spacious and very sunny apartment has sliding glass doors to a east facing balcony off the main room, supported by a generous kitchen and comfortable bathroom. It's all in very good order, achieves a strong rental return ($450 per week), and the crowning glory is the fantastic rooftop lookout, plus there is the benefit of random off street parking (first in best dressed).

Strong current rental return $450 p/w (Expires 17 February 2013!)Parquetry floors, kitchen and bathroom in comfortable conditionElevated district outlook from all roomsShared laundry facilities on each floor5th floor of security strata building, common rooftop with city views!Prestigious position only moments to Oxford Street
Council Rates: $261.59 pq
Water Rates: $168.82 pq
Levies Admin: $462.17 pq
Levies Sinking: $131.07 pq

Property Features

  • Carports 1
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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