CONVEYANCING IN PADDINGTON
Ccnveyancing in Paddington has some advantages and some disadvantages over other Sydney’s other eastern suburbs.
One of the advantages is that the real estate in Paddington is nearly all houses, so that the potential buyer seldom has to cope with the sometimes irritating conveyancing problems that arise from dealing with an owners ‘ corporations.
Conveyancing for the houses, however, can be complicated by the heritage zoning of the suburb.
Originally prosperous, Paddington slipped to slum status by the end of the Second World War, and the whole area was slated for demolition.
So the problem at that time was not whether the conveyancing was difficult but whether the whole area would survive.
Resident action saved this eastern suburbs gem, which was rezoned as the first conservation area in Australia, giving us Paddington as it exists today.
As a result of this, there can be conveyancing difficulties over laneways on differing titles, access to the rear of properties, and arrangements with neighbours that have changed over the years. However attractive its old houses may be, Paddington is a case of ‘buyer beware’ when it comes to conveyancing matters.
Snapshot of prices for houses sold recently, listed alphabetically by street names.
|45 Dillon St||$1,595,000||3||2||–|
|33 Flinton St||$1,960,000||3||2||2|
|73 Goodhope St||$1,825,000||3||2||–|
|142 Hargrave St||$2,790,000||3||2||1|
|112 Jersey Rd||$2,370,000||3||2||1|
|392 Moore Park Rd||$1,875,000||4||2||1|
|16 Olive St||$1,455,000||3||2||–|
|26 Renny St||$2,100,000||4||1||1|
|54 Renny St||$1,555,000||3||1||1|
|60 Sutherland St||$2,500,000||4||3||2|