2/54a Hopewell St, Paddington is a 0 bedroom, 1 bathroom Unit and was built in 1975. The property has a land size of 1076m2. While the property is not currently for sale or for rent, it was last sold in August 2026. There are other 0 bedroom Unit sold in Paddington in the last 12 months.
An exceptional opportunity to secure an affordable foothold in one of Sydney's most sought-after suburbs, this original studio apartment presents the perfect blank canvas for buyers looking to renovate and add significant value.Offered in largely original condition, the apartment is ready for a complete transformation. Whether you're a first home buyer, investor or experienced renovator, this is your chance to create a stylish inner-city residence tailored to your own vision.Enjoy the convenience of Oxford Street's vibrant cafs, restaurants, boutique shopping and city transport just moments away, while Centennial Park, Moore Park and the CBD are all within easy reach.Property FeaturesOriginal studio apartment with unlimited renovation potentialBlank canvas ready for a complete transformationIdeal first home, investment or renovation projectSecure building in a tightly held Paddington locationFunctional kitchenette and bathroomExcellent opportunity to add significant valueLocationMoments to Oxford Street cafs, restaurants and boutiquesWalk to Centennial Park and Moore ParkEasy access to the CBD and Bondi JunctionOutstanding lifestyle in one of Sydney's most desirable suburbs
The size of Paddington is approximately 1.6 square kilometres. There are 28 parks, covering nearly 12.1% of the 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 7,691 properties. Over the last 5 years, Houses in Paddington have seen a 5.77% increase in median value, while Units have seen a -9.06% decrease. As at 31 July 2026:
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