40 Underwood St, Paddington is a 3 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 165m2 and floor size of 129m2. While the property is not currently for sale or for rent, it was last sold in November 2024.
A prized village setting, deep dual access block and sunny disposition combine in this Victorian terrace to make a superb lifestyle address with rear access via Belmore Lane to secure parking a massive bonus. Freestanding to the east, the north-facing home is set on an unusually large 164sqm approx with a huge private courtyard framed by established gardens promising a perfect setting for entertaining alfresco. A choice of living spaces delivers an ideal layout for families with three large bedrooms on the upper level, two opening to a balcony and the main with an ensuite. Classic elegance combines with contemporary comfort that is ready for a cosmetic update; with European appliance - appointed kitchen and two new bathrooms. This home is perfectly positioned between Oxford Street and Five Ways with William Street's boutiques and pubs just down the street and everything from galleries and gastro pubs to cafes and cinemas footsteps away.
- Wide frontage with rear lane access
- 3 large bedrooms, 2 open to a balcony
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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