10/8-14 Underwood St, Paddington is a 1 bedroom, 1 bathroom Apartment. While the property is not currently for sale or for rent, it was last sold in November 2025. There are other 1 bedroom Apartment sold in Paddington in the last 12 months.
Smart investors know timing is everything. With first home buyer incentives launching in October 2025, competition for entry-level properties has stepped up. This unique Paddington apartment presents a great opportunity to secure an investment before competition increases. Located just 50m from Oxford Street's thriving precinct.
Ultra convenient location – tenants love the Paddington lifestyle. Just 50 metres to Oxford Street, being able to walk to work in the CBD (less than 3km), enjoy dining and entertainment on their doorstep, and live in a character-filled neighbourhood that never loses its appeal. The generous balcony, abundant natural light, and peaceful rear bedroom create the perfect live/work environment that today's renters demand.
This well presented one-bedroom apartment in a boutique building of just 28 units offers the investor income from day 1. With a north facing aspect, internal laundry, with some appliances included, this apartment is immediately rental-ready.
Potential to update and add value. In a market where good one-bedroom apartments are scarce, this Paddington gem represents both immediate rental return and potential to update and add value. Don't wait for demand to increase – secure your investment now.
Key Investment Features:
- Just 50m to Oxford Street – premium Paddington location
- North facing first floor apartment – maximum natural light
- Boutique security building with only 28 units – first floor, no lift
- Open plan living with generous balcony – modern layout
- Internal laundry and peaceful rear bedroom – features tenants want
- Ultra convenient location - less than 3km to the CBD
(All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty to the information provided. Interested parties must solely rely upon their own enquiries).
The size of Paddington is approximately 1.6 square kilometres. It has 28 parks covering nearly 12.1% of total area. The population of Paddington in 2016 was 12911 people. By 2021 the population was 12701 showing a population decline of 1.6% in the area during that time. The predominant age group in Paddington is 30-39 years. Households in Paddington are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Paddington work in a professional occupation.In 2021, 52.60% of the homes in Paddington were owner-occupied compared with 51.50% in 2016.
Paddington has 7,675 properties. Over the last 5 years, Houses in Paddington have seen a 51.50% increase in median value, while Units have seen a 22.27% increase. As at 31 October 2025:
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