2/110 Cascade Street, Paddington NSW 2021

2 bedrooms, 1 bathroom, 2 parking spaces. Sold in 2022 for $1,450,000. Located within a heritage-listed security complex with lift access and basement parking in Paddington. Positioned in a flood overlay zone. Falls within the catchment for a selective public high school. What is competitively strong about this unit is its positioning within a highly walkable pocket of Paddington, close to Five Ways, Trumper Park, and Edgecliff transport. The selective high school catchment adds a layer of demand that is not common in every terrace or apartment in the suburb. With two parking spaces in a security complex with lift access, this property offers a convenience rarely found in the area’s older housing stock. It serves best a buyer who values location certainty and school access over interior finishes, or an investor seeking a stable rental yield from a well-located two-bedroom unit in a tightly held complex. The flood overlay on this lot may affect insurance premiums and could narrow the pool of lenders willing to finance the purchase, which might influence resale liquidity. The heritage overlay suggests the building exterior is protected, so any future modifications to the unit may be subject to council approval. The property’s floor level is not confirmed, and units on lower levels in flood zones may carry additional risk. A buyer should weigh these constraints against the location advantages and the relative scarcity of two-car apartments in this part of Paddington when forming a view on price.