What is the average time on market for a Paddington terrace house?

Well-priced, well-presented Paddington terrace houses in the premium pockets typically reach exchange within four to six weeks of campaign launch — including a three to four week auction campaign plus exchange processing. Properties that remain unsold after six weeks are almost always signalling a pricing or presentation issue, not a demand problem. Paddington's buyer depth is sufficient to absorb well-positioned stock quickly in any market condition.

Should I renovate before selling my Paddington terrace?

This depends on the current condition and the cost-benefit of the renovation relative to the price differential it creates. For properties in poor cosmetic condition with original features intact, a focused cosmetic renovation — paint, floor restoration, garden presentation, kitchen and bathroom refresh — typically returns a multiple of its cost at auction. Major structural renovations prior to sale are harder to justify unless the property is unliveable in its current state. A pre-sale consultation with a local agent and a trusted builder will give you a realistic cost-benefit assessment.

How do I find out the sale history for my Paddington street?

NSW property sales data is publicly available through NSW Valuer General (valuergeneral.nsw.gov.au) and through commercial property data platforms including CoreLogic and PriceFinder. Your selling agent should also be able to provide a street-specific sales history as part of their appraisal process. Space Property Agency provides this analysis as standard for all Paddington vendor appraisals

What vendor costs should I budget for when selling in Paddington?

Typical vendor costs for a Paddington property sale include agent commission (1.5–2.5% of sale price), vendor paid advertising (typically $8,000–$18,000 covering professional photography, video, portal advertising, signage, auctioneer fees, and digital marketing), conveyancing and legal fees ($1,500–$3,000), pre-sale preparation and styling ($3,000–$8,000 depending on scope), and any pre-campaign repairs or improvements. Capital gains tax may apply for investment properties — confirm with your accountant before listing.

Can I sell my Paddington property privately without using an auction?

Yes. Private treaty is a legitimate sale method in Paddington and is occasionally used for properties with a specific buyer profile or where the vendor prefers a confidential process. That said, Paddington's buyer depth and the genuine competition that quality properties generate typically means auction produces a stronger financial outcome than private treaty. Your agent should make a specific, evidence-based recommendation about method of sale for your particular property.

What happens to my sale if the property doesn't reach reserve at auction?

If bidding at your Paddington auction doesn't reach your reserve price, the property is passed in to the highest bidder, who has the right of first negotiation. Your agent will immediately negotiate with the highest bidder to close the gap between the highest bid and your reserve. In a well-run Paddington campaign with genuine buyer interest, this negotiation typically produces a result within 24–48 hours. If negotiation is unsuccessful, the property moves to private treaty and is available to all buyers.

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