202/40 Stephen Street, Paddington

2 1 1 Apartment


Ideal for the first home buyer or budget conscious investor, this cheerful 2 bedroom unit enjoys a perfect north aspect on the 2nd floor of a typical Harry Seidler complex, tucked away in a quiet cul-de-sac right behind White City, bordering on the newly emerged cafe district of Rushcutters Bay. Clean and comfortable, this one is quite ready to occupy as is, but if you have an eye for something a little more up to date there is plenty of potential for easy improvement. The common areas of the building are currently undergoing a makeover to enhance the overall standard, adding value and ensuring that this is a safe and pleasant place to come home to.

Bright as a button - north sun throughout2nd floor in security building2 bedrooms - large north windowsCombined lounge/dining - north facingOpen kitchen - potential to upgradeQuiet, convenient location, near shops/transport1st home or low maintenance investmentCarspace on title
Council Rates: $268.51 pq
Water Rates: $168.82 pq
Levies - Admin: $537.41 pq
Sinking: $473.01 pq
Special Levy $231.53 pq (Ends March 2013)

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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