703/40 Stephen Street, Paddington NSW 2021

fully renovated 2-bed | secure building | 53m² | Paddington lifestyle | 1,427m² site This is a compact, fully renovated apartment in a well‑maintained security building on a notably large site in Paddington. The location offers immediate access to cafes, restaurants, and Rushcutters Bay — a genuine inner‑urban advantage for owner‑occupiers, downsizers, or professionals wanting walkability without the upkeep of a terrace. The renovation and security building reduce near‑term maintenance concerns, while the 53 m² floorplan is typical of entry‑level apartment stock in this suburb and functions best for those prioritising location over space. Size and strata uncertainty may materially affect perceived value. At 53 m² the property is smaller than many Paddington apartments and could feel tight for a couple working from home. Without confirmed floor level, aspect, or balcony, the view and natural light remain unknown — factors that strongly influence apartment pricing in this market. Parking is unconfirmed; its absence would narrow appeal. A buyer should weigh these unknowns against the renovation quality and the building’s reputation before forming a view on price.