149 Hargrave Street, Paddington NSW 2021

Victorian terrace 1890 | Paddington 130sqm land | 3 bed 2 bath 1 car | rental signal $1300/week This property occupies a rare position in Paddington: a three-bedroom terrace with off-street parking on a compact block of 130 square metres, where most comparable listings trade at two bedrooms with no car space. The combination of period frontage, 117 square metres of internal area, and a rental signal of $1,300 per week suggests it serves both owner-occupiers seeking character and investors chasing premium yield. For a buyer, the key advantage is configuration edge – three bedrooms in this pocket are uncommon, and the car space removes a major friction point for residents or tenants. It best suits a professional couple or small family wanting walkability to Oxford Street amenities without compromising on parking or bedroom count. The principal risk is the 1890 build age, which may introduce maintenance costs for heritage fabric, plumbing, or insulation that are not captured in listing data. The 130 square metre land size limits future extension potential, and the property’s compact layout may feel constrained for larger households. However, the opportunity lies in its rental resilience: a leased rate of $1,300 per week confirms strong demand, and the terrace’s location on Hargrave Street – a premium strip near cafés and transport – supports capital stability. A buyer should hold this property as a long-term residence or income-producing terrace, given its structural scarcity in a tightly held suburb.