1. A Renovated (and Rare) Freestanding Paddington House to Auction for $3m+

    Freestanding homes in Paddington are certainly unique, as are those with pools, two features that make the c1888 cottage a notable new listing. Even more striking for the Paddington enthusiast is the home’s situation at 4 Cooper Street, a rarely traversed cul-de-sac notable for its hodge-podge collection of apartment blocks, the heritage-listed mansion now known as the Scottish Hospital, the rear access point for the now-desirable Glenmore Road-fronting terraces, and a collection of four freestanding late-19th C Victorian cottages of which today’s subject property is one. Cooper Street began life as the driveway to the c1849 two-storey brick and stone mansion built for a Judge Kinchella. This structure featured prominent terrace gardens that rambled down the ‘Glenmore Hill’ toward Rushcutters Creek, approximately where Neild Avenue now lies. Paddington, which served as a small community of farms and worker’s cottages associated with the nearby Military Barracks began to experience significant infill development beginning in the 1870s and ramping up during the 1880s, at which time 4 Cooper Street was constructed. 


    An 1854 map revealing the location of the Kinchella Mansion - later the Scottish Hospital. Cooper Street approximately follows the boundary line to that property just north of Glenmore Road and west of ‘Vineyard Cottage’. 

    Most development in Paddington occurred when local speculative builders would construct a row of between two and four terraces, typically using architectural guide books as a blueprint. Of course, many exceptions in the suburb exist, including 4 Cooper Street, which was built as a one-off, likely owing itself to its prominent neigbhour and leafy outlook near the top of a hill. By the early 20th Century, Kinchella’s mansion was entirely “encased” by a Federation Arts & Crafts-styled extension; furthermore, the decline of Paddinton’s appeal to upper middle class families opened the door for inter-war and mid-century apartment blocks to develop along Cooper Street. 

    Fast forward to the 21st Century and 4 Cooper Street has experienced a flurry of activity. In 2001, the cottage was sold for $850k, likely in an unrenovated state. In 2003, a DA was lodged with Woollahra Council documenting a $300k extension and pool addition that either did or did not end up taking place prior to the property’s next sale in April 2007 for $1.46m. In 2009, a puny $86k DA was lodged once again for renovations and thus commenced the further transformation of the property. The Radical Terrace does know that throughout 2009, during a time when we lived a stone’s throw from this house, major works were undertaken. The result is exceptionally unique and mostly spot-on, despite a quirky floor plan. The original, character-filled cottage front now contains two bedrooms and the master bathroom, with an extension and a lower ground floor containing the master bedroom and all living areas, respectively. A $3m price for such a home is actually quite reasonable and reflects a price per square metre consistent with other extensively-renovated Paddington terraces in the Five Ways vicinity. Bonus points for the pool and “grassy area”. 

    Pauline Goodyer and Brighid Fitzsimons of goodyerDonnelley have the listing: 4 Cooper Street, Paddington

    Click below for more images and a FLOOR PLAN!

    Read More

  2. Yet Another Flip on Paddo’s Hopetoun Street Looking to Break the $2m Barrier

    If Paddington is a barometer for the overall health of the Sydney real estate market, then I’d like to argue that Hopetoun Street is a barometer for the Paddington market. The tiny street, subdivided and developed in 1890, is situated within close walking proximity to the William Street boutiques, Oxford Street transportation corridor, and Five Ways. The consistency in terrace size (~4.5m wide), precedence for off street parking, and precedence for attic conversions all seem to speak well for house flippers. 

    Just a few months ago, the Radical Terrace featured 9 Hopetoun Street, a home that was acquired for $1.5m in Oct 2011, lodged a $400k renovation scheme, and is now shopping around with an exact price of $2,395,000 after passing in at auction last month. That home underwent a truly intense renovation that looked, to us at least, to be a complete over-capitalization for the size of the home and its Hopetoun Street location. If does indeed sell for $2.395m, it will be the first home on the street to break the $2m mark, boding well for today’s feature property.

    40 Hopetoun Street, on the other hand, underwent a much more by-the-book renovation. The current owners picked up the terrace in July 2010 for $1.55m and within 2 months lodged plans for a $250k renovation that saw the reconstruction of the ground floor, the addition of rear lane parking, and an attic conversion. And now they are shopping offers in the low $2mils ahead of its December auction through Belle Property agents Matt Bognar and Scott Aggett. The renovation ticks all the boxes for a Paddington renovation: the addition of an ensuite, an attic bedroom, a ground floor powder room, off street parking, and a nice, modern kitchen. But with such a small parcel of land and such a tiny amount of square footage, it begs the question: is Hopetoun Street really a $2m section of Paddington? I mean, the coffee at Alimanteri is good, but is it really that good?

    The listing: 40 Hopetoun Street, Paddington

    Click below for more images and a FLOOR PLAN!

    Read More

  3. Is This Paddington’s Smallest (and Cheapest) House?

    A postage stamp-sized 1-bedroom, 1-bathroom weatherboard cottage on Paddington’s Mary Place is to auction for ”over $525k”. A very low price for a Paddington home, but a very large price considering how petite the home is. The home clocks in at 42 square metres (~420 square feet), giving it a very Manhattan (or Bondi?)-esque price/sqm of $12,500. But, geez, look at how cute it is! (The sale will be even cuter for the owners who purchased the cottage for $435k in October 2006).

    William Phillips and Maclay Longhurst of BresicWhitney have the listing: 4 Mary Place, Paddington

  4. Over Capitalising? Or a Savvy Flip on Paddo’s Hopetoun Street?

    A very narrow (4m wide) terrace on the flip-favourite Hopetoun Street in Paddington is to auction with low-$2mil expectations. The home sold less than one year ago in October 2011 for $1.5m. Quite quickly, the new owners acted on an existing $400k DA application and gut renovated the tiny terrace to an alarmingly high spec. Granted, most of the additions are stunning: exposed brick and high-end wainscotting on the walls; salvaged parquetry flooring; bespoke joinery; a new attic bedroom; ensuite bathroom; extensive glass skylighting. Yet somehow all these additions combined together seem a bit “much”. And, quite likely, the owners could have skimped on some of their fit-out and still been able to muster up a comparable price. 

    Homes on Hopetoun Street command a premium despite their small size (most blocks are around 100-125 sqm) with renovated terrace selling between $1.4m and $1.8m ($1.818m being the highest price recorded on the block). The small block sits mid-way between Five Ways and Oxford Street and is adjacent to the William Street boutique corridor. However, what really drives appeal to Hopetoun Street terrace is the rear lane access and high precedent for off-street car parking on the east side of the street, along with a leafy street scape and a narrow street through-traffic typically avoids. All in, 9 Hopetoun Street may shift the values for its neighbours up a bit; but it will be a hard renovation act to follow, that’s for sure.

    The listing: 9 Hopetoun Street, Paddington

    Current floor plan (above); the floor plan when the home traded hands in 2011 (below).

    Click below for more images and before and afters!

    Read More

  5. Paddington’s Forever Listing Still Floating Around; Wants $1.4m+ At Auction

    1a Bates Avenue, a unique double-fronted cottage with a corrugated iron roof that rests on a spacious (for Paddington) 335sqm parcel last sold for $1.152m in June 2002 and has seemingly spent more time on the market then off since then. By our anecdotal count, Laing Simmons, Snowden Lane and Ray White Double Bay have all tried to sell the house in vain for prices in the mid- to high-$1mils. Now, BresicWhitney agents Darren Pearce and Angie Roberts have the listing and are hoping the home sells for around the $1.4m mark, a very reasonable price for such a large landholding that comes with two car spots and loads of cottage-induced character. Seriously, a terrace with two car spots in Paddington in deplorable condition often demands a higher price. Topping off the listing is its central location on a quiet cul-de-sac behind Five Ways and near the quickly developing Neild Avenue corridor and Rushcutters Bay Park. So what’s holding the price down? The many neigbhouring inter-war apartment blocks that some may find cramping their style; 1a Bates Avenue is the last home standing on Bates Avenue. But still, the Radical Terrace finds this house to be a definite buy.

    Click below for more photos and a floor plan.

    Read More

  6. A Paddington Corner Shop Reinvented as Live/Work Urban Wonderland

    What was purchased in June 2004 as a derelict corner shop on Paddington’s compact Little Comber Street for $950k has been reinvented as a 2-bedroom, 3-bathroom (with a car spot!) urban sanctuary. The ground floor features a living room and study opening up to a courtyard that is easily used as a studio. The first floor holds two bedrooms with ensuite and the newly constructed top floor the living area, kitchen, and an expansive deck with district views. Bonus hipster points for the use of polished, aggregate concrete flooring. The home is listed by Ray White agents Dean Jarman and Andrew Cary; it goes to auction with expectations in the low- to mid-$2mils. The home joins another multi-million dollar Little Comber Street listing that was featured on Radical Terrace a few weeks back

    More images, floor plan (a cool one!), and listing information below.

    Read More

  7. Tzannes-Designed Terrace in Paddington to Auction for $3m+

    Hot in the heels of another impressive Paddington terrace listingJane Schumann and Gary Sands of Di Jones have scored another mullet house terrace listing designed by Sydney starchitect Alex Tzannes. The Paddington home sits north of Oxford Street on the desirable, if hodge-podge, Hopewell Street. The home sold in 1998 for $590k and in the early-2000s the owners enlisted Tzannes Architects to transform the house and take advantage of the rear lane access to add a garage and a light-filled rear extension. The home was completed in 2004 and subsequently won a bevy of awards for the architect’s work. The 3-bedroom home is to auction for $3m+ sometime soon.

    The listing: 26 Hopewell Street, Paddington

  8. A Modern Home Lists in Victorian Paddington for $3m+

    One of the joys of Paddington’s precarious Council line drawings is that the area south of Oxford Street belongs to the City of Sydney and the area north of Oxford is situated in the Woollahra Council. For different folks this can mean many different things, but today, it means we’re treated to a house whose Development Application would not have stood a chance inside the strict Woollahra Council.

    81 Leinster Street was designed by the architecture firm Murray Thomas and Associates and has a bit of a colourful listing history. From what we could dig up, the home sold as a fixer-upper in 2004 for $915k. After an extensive (and pretty damn cool) renovation, the property surfaced on the market with $3m-$3.5m hopes in early 2011 through agent Ken Jacobs of Christie’s. Weirdly, the home appears to have sold for just $2.0m last July. Very fishy. Nonetheless, Ken Jacobs (once again?) now has the property relisted with the same $3m-$3.5m hopes. The 4-bedroom home has an unusually large rooftop terrace, basement space rare for Paddington, a 2-car garage, and a very cool indoor-outdoor living space (even if the flooring rotates direction). 

    Click below for more photos, listing information, and one crazy-ass floor plan!

    Read More

  9. A Radical Terrace in Paddington Soon to Auction for $1.6m+

    A terrace designed by architect Richard Archer of Archer & Wright in 1999 is currently on the market in Paddington going to auction later this month with expectations of $1.6m+. The stunning re-build morphed a derelict terrace (purchased for $247k in 1993) into an ideal bachelor’s mullet house with soaring ceilings, indoor-outdoor functionality, and a highly valuable car spot in the historic core of Paddington that is tough on parking, even by local standards. The home sold post-renovation in 2000 for $800k

    According to the architects: 

    “The creation of a strong angled axis to the interior planning allowed the careful removal of small zones of floor plate to bring light and verticality to the home, imbuing it with a dramatic sense of scale…A delicate counterpoint is established throughout this space between the natural textures of the original sandstone walls and the glossy tiled feature panels that plunge into the reflecting pond, the unfilled travertine terraces and the spare detailing of the custom designed joinery.”

    Jane Schumann and Gary Sands of Di Jones have the listing: 28 Little Comber Street, Paddington

  10. “Palm Beach in Paddington”…

    …or something like that. A 6-metre wide terrace in ‘South Paddington’, the slightly-less desirable and quieter pocket of Paddington south of Oxford Street (that also sits in the City of Sydney council and not the Woollahra Council), listed this week through omni-present McGrath agent Ben Collier. The four-bedroom home with 2-car garage comes with a white-washed “‘beaches’ aesthetc [sic]” that we agree does vaguely remind us of Palm Beach. The plunge pool, outdoor water, and white-bleached flooring definitely help achieve a Northern Beaches vibe. The price, too, reflects a very Palm Beach feeling. This terrace will set you back $3.3m+

    The listing: 52 Gordon Street, Paddington

  11. ‘Family Friendly’ Terrace on the Woollahra Side of Jersey Road Lists in Mid-$2mils

    Jersey Road is a sacred locale in Eastern Suburbs real estate. Once named ‘Point Piper Street’ and serving as the main path from South Head Rd (now Oxford St) to Point Piper Estate in Darling Point (see 1858 Point Piper Estate parcel map when it was first divided and 1878 Sands Directory map below), the road now holds a far more important and unique honour: it is, undoubtedly, a Paddington aesthetic that lives on the road - with rows of uniform Victorian terrace houses, however the east side of the road scores an ever-so-desirable Woollahra 2025 address. Thus makes a “half-and-half” - where one side of the street holds one suburb address and post code, the other side another. These are fun testing grounds for the relative prestige of a suburb name. Back on Jersey Rd, the slightly better-endowed (architecturally speaking, that is) Woollahra side of the road has the added bonus of scoring a quartet of late Victoiran detached villas (numbers 17, 19, 21, and 23), a handful of oddly idiosyncratic one-off terraces (weatherboards and all!), and the handsome church-turned-condos at number 109, anchoring Jersey Road firmly as a particularly beautiful Sydney streetscape.

    (Fun fact: the alleyway behind Jersey Road - ‘Point Piper Ln’ - is, of course, named after its original big brother road.)

    So resting pretty on the east side of the road - next to the quartet of villas and with easy access to Oxford Street - number 9 emerged on the market this past week. Jane Schumann and Gary Sands at Di Jones landed the by-the-book Victorian terrace listing and rightly flaunt the terraces ‘family friendly’ qualities. And by ‘family friendly’ qualities we mean the terrace functions well as a kindergarten art classroom, at least if the listing photos indicate anything. But seriously, couldn’t they have taken some of these pictures down?  The 3-bedroom, 2-bathroom, 1-car spot (the magical 3:2:1 terrace ratio!) and is looking for mid-$2mils. The home last sold for $1.5m back in September 2002, and comps speak well for high prices in this micro-neighbourhood seeing that Oyama, one of the four villas, sold for more than $7m earlier this month.

    Now for some finger painting (and a really big tree)… 

    The listing: 9 Jersey Rd, Woollahra

  12. Park-Front Terrace for “$3.5m+”, Likely Far More

    Few rows of terraces hold as much presence as the string of Victorian Italianates that line Glenmore Road directly across from the Royal Hospital for Women Park. With coveted rear lane access, harbour glimpses, lots at least 50m deep, and a Five Ways-adjacent location, the only downside here is the excessive traffic and buses that roar down the road. (This section of road also holds claim to the highest concentration of pools in the suburb.) With that in mind, “dream team” McGrath agents Ben Collier and Andrew Hackett have landed an extensively renovated (giving it “mullet house” distinction) four-bedroom, four-bathroom (nice ratio!), two-car garaged home with a pool. And although the agents have quoted the price at “$3.5m+”, comps tell a different story:

    • 148 Glenmore: $4.75m in Sep 2010 (similar size and quality of renovation)
    • 142 Glenmore: $3.1m in Apr 2009
    • 140 Glenmore: $4.05m in Dec 2010 (neighbour!)
    • 136 Glenmore: $2.0m in Feb 2009 (unrenovated, smaller parcel)
    The Radical Terrace thinks this baby will sell around the $4.2m mark. Any other guesses? Leave them in the comments!

    The listing: 138 Glenmore Road, Paddington

  13. Paddington’s Elizabeth St Sell-Off

    Three properties on Elizabeth St between Underwood and Paddington Streets are currently on the market. This stretch of Elizabeth St sits nicely in what has consistently been a top-performing pocket of Paddington. However, with the slump of Paddington’s Oxford Street and the exodus of upscale retailers from Elizabeth St between Oxford and Underwood Streets, does that make a residential acquisition here more appealing (quieter?) or more risky? As you’ll see with the comps, prices on this block have been quite stagnant the last 5 years. Regardless of Paddington’s future, we know one thing that holds each of the featured properties back: NO CAR PARKING. And fighting with Grand Nash patrons and the spillover of Oxford Street shoppers is no pretty sight. 

    The most gracious of properties on the market is the 9m-wide sandstone-fronted 3-bedroom, 2-bathroom abode at 24 Elizabeth. Listed by Ben Collier and Andrew Hacket of McGrath, the owners are looking in the mid-$3m’s. The home last traded for $3.2m in Oct 2007, not much of a capital gain there. Pictured above and below.

    Immediately across the street, and comprising part of a rare row of three-storey terrace houses, we find 41 Elizabeth Street. Featuring Harbour Bridge views from its upper level, the 4-bedroom home is asking $1.695m and is listed through Mark Daley and Georgia Cleary of BradfieldCleary. The three-storey row of terraces has solid comps. Number 39 sold for $1.73m in Nov 2010, 45 sold for $1.625m in Feb 2008 and 51 sold for $1.676m in Nov 2011. Number 41 itself last sold for $1.56m in Jan 2009 and little seems to have been done since that date. Pictured below.

    And finally we have 34 Elizabeth Street, listed with $1.5m expectations through Di Jones agents John Anderson and Rohan Aalders. It’s the most “average” of terraces with the prototypical 3-bedroom floorplan and layout. Similar sized neighbour number 32 sold for $1.23m in Nov 2007. Pictured below.

  14. Not Quite the Flip They Hoped For…

    Remember our tale of the house flip hopefuls over at 58 Cascade Street in Paddington from February? Back then, we factored in that the owners were about $3.288m deep on their acquisition and renovation of the property. The property, which failed to sell with $4m+ expectations last month, has now lowered its asking price to $3.5m. Agents Hamish Robertson and Joe Abboud of McGrath maintain the listing. 

  15. PlanningAlerts.org.au Launches Beta for NIMBYs Everywhere

    A not-for-profit website launched by a team of volunteers has launched its beta site. Simply enter your home address (or any address of interest) and you’ll get handy notifications of every development application that pops up in your area. This is perfect for all the Double Bay residents who want to squash any attempt at making their suburb relevant once again! Another beneficiary of this website? Paddington NIMBYs who want to encourage Oxford Street’s continued slide into irrelevance! Wahoo!