40 Underwood Street, Paddington, NSW 2021 | Property Value & History | OnTheHouse
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40 Underwood Street
Paddington NSW 2021

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 129m2
Land area: 165m2
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Last updated 1 Dec 2025
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Property Details for 40 Underwood St, Paddington

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.

Building Type
House
Floor Size
129m2
Land Size
165m2
Local Government
Woollahra
Lot/Plan
8/DP731695

Last Listing description (July 2025)

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

- 2 Villeroy & Boch appointed bathrooms
- Main bed with built-ins and an ensuite
- 2nd with a fireplace and library wall
- Sunlit living with a Jetmaster fireplace
- Separate dining room, hardwood floors
- Streamlined black granite gas kitchen
- Walk-in pantry, separate internal laundry
- 2nd living/family room opens outdoors
- Jasmine-framed entertainer's courtyard
- Downstairs powder room, attic storage
- Wide secure parking via Belmore Lane
- 300m to the Paddo Inn and Il Baretto
- 450m to Five Ways cafes and cocktail bars

Property History for 40 Underwood St, Paddington, NSW 2021

A timeline of how this property has performed in the market
Last Sold
$4,300,000
22 Nov 2024
Listed for Rent
$1.85k/w
30 Oct 2023
  • 20 Jan 2025
    Listed for Rent $1,895 / week
  • 22 Nov 2024
    Sold for $4,300,000
  • 04 Nov 2024
    Listed for Sale Contact Agent
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About Paddington 2021

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:

  • The median value for Houses in Paddington is $3,780,968 while the median value for Units is $1,206,393.
  • Houses have a median rent of $1,350 while Units have a median rent of $700.
There are currently 7 properties listed for sale, and 21 properties listed for rent in Paddington on OnTheHouse. According to Cotality's data, 314 properties were sold in the past 12 months in Paddington.

Suburb Insights for Paddington 2021

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.