18/42 Flinton Street, Paddington NSW 2021

18/42 Flinton Street, Paddington NSW 2021
Strata apartment circa 2001 | 2 bed, 2 bath, 2–3 car | Heritage area, no flood or bushfire overlay | Strong leasing demand signals | Premium inner-east pocket This unit sits above most Paddington stock in practical terms. The circa 2001 build delivers modern strata living with parking—a genuine rarity in a suburb dominated by older terraces and conversions. The configuration suits downsizers or professional couples who want the heritage character of the area without the maintenance of a period house. The complex itself is substantial, with lift-served amenity signals like a gym and intercom, and the heritage overlay protects the neighbourhood’s appeal while limiting future supply. School catchments for Glenmore Road Public and Inner Sydney High add family appeal, and the location near the village lifestyle network supports strong walkability. This property competes well for buyers prioritising low-maintenance, car-accessible living in a prestige postcode. Value may be shaped by the exact floor level and aspect, which are not confirmed, as these influence light and outlook. The internal area varies across sources, so a buyer should verify the precise size against comparable units. The heritage setting constrains redevelopment but also sustains long-term desirability. Parking count—two or three spaces—could meaningfully differentiate this unit from others in the complex. Rental demand appears robust, with recent leasing evidence around $1,350 per week for a similar unit, which supports investment appeal. Condition and finishes will matter most at inspection, as the building’s age suggests potential for wear in common areas or individual upgrades. || Comparable Sales: 15/42 Flinton Street sold $2.30M (Apr 2024); 8/42 Flinton Street sold $3.30M (Mar 2024) | Property Price Band: $2.1M–$2.2M | Value Drivers: Parking allocation, floor level and aspect, internal condition and finish quality
Detailed Independent Property Report prepared  by PropCred Analyst team for 18/42 Flinton Street, Paddington NSW 2021
Checks found:
Value Risk ! 1
Liquidity Risk
Planning Risk 2
Income Risk
Execution Risk
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Market Insight

Paddington is a tightly held, high-character suburb in Sydney’s Eastern Suburbs, defined by its heritage terrace homes and low turnover. Demand is driven by high-income owner-occupiers and professionals seeking architectural charm and lifestyle convenience, creating intense competition for limited stock. The house market exhibits strong capital growth, while the unit segment has softened. Future growth is anchored in enduring scarcity and desirability, though the market’s premium pricing and highly restricted new development present ongoing supply constraints.
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PropCred Estimated Value

Comparable Sales: 15/42 Flinton Street sold $2.30M (Apr 2024); 8/42 Flinton Street sold $3.30M (Mar 2024) | Property Price Band: $2.1M–$2.2M | Value Drivers: Parking allocation, floor level and aspect, internal condition and finish quality

Bedrooms

2

Bathroom

2

Parking

2

Land

1.7 acres

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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