7/13-21 Macdonald Street Paddington NSW 2021

North-facing warehouse conversion | 117m² internal with terrace | heritage overlay | boutique ‘Tobacco Factory’ building | Paddington locale This property’s primary strength is its spatial rarity within the apartment market, offering house-like proportions and original warehouse character in a tightly held boutique conversion. The north aspect and private terrace significantly enhance liveability and light, positioning it for an owner-occupier seeking a unique, creative space over a standard unit. Its recent transaction history indicates established desirability in this niche. The heritage and flood overlays materially limit alteration potential, imposing a cost of compliance and restricting future value-add through renovation. The discrepancy in recorded bedroom counts presents a valuation risk requiring physical verification. Acquire as a long-term hold for occupancy; its configuration is not optimized for yield-focused investment. Our analysis provides the precise market valuation and checks for locality-specific risks like flood, ensuring your offer reflects its true commercial position. The property itself sold for $1,670,000 in March 2023. This provides a concrete, recent benchmark, indicating a substantial guide price increase over a short period that requires justification against market movements.