707/176 Glenmore Road, Paddington NSW 2021

7th-floor district views | Paddington’s Five Ways edge | 1-bed with parking | 35% owners in building This unit occupies a strong position in Paddington’s tightly held apartment market, where the 35% owner-occupier ratio signals genuine residential demand rather than investor churn. The seventh-floor district views and secure building with pool create a rare combination of amenity and outlook for a one-bedroom property, particularly within walking distance of Five Ways. The inclusion of a garage space further differentiates it from most one-bedroom stock in the area. This property suits a professional buyer seeking a low-maintenance base with lifestyle proximity, or an investor targeting the upper end of the rental bracket given the $675 per week estimate and strong local rental demand. The primary risk is the heritage overlay, which may constrain future building modifications or extensions. The 65% rental population in the building could introduce turnover noise, though the secure entry and lift access mitigate this. The opportunity lies in the building’s track record: the identical 702 unit valued at $741,000 provides a clear comparable, and the 88 recent one-bedroom sales within four kilometres confirm active market depth. The NBN and 5G coverage support remote work viability, adding practical appeal for knowledge-sector buyers.