Listing of $11 million could smash Paddington record

For those who maintain Paddington is Sydney's real estate pacesetter, the latest listing will suggest if there's much competition at the pricey end of the market.

The Leal family, who made their money as owners of Super Smash, the Bondi smash repairer, have listed their grand Paddington Street home with $11 million hopes.

It’s not their first foray into record-setting Paddington listings, as they sold their previous double-fronted offering for a record $4.52 million in late 2004 to investment industry bigwig Andre Morony and his wife, Beverley, through McGrath agents James Dack and Ben Collier. It was a four-level, six-metre-wide terrace standing on a 202-square-metre block.

The latest offering is described by Collier, who is marketing the property, as "arguably one of Paddington’s finest homes".

The north-facing terrace is set on a 390-square-metre block of land, located at the Woollahra end of Paddington Street.

It has four levels with lift access. The double-fronted terrace spans 12 metres in width.

The two now amalgamated terraces were consolidated in 2000.

The Paddington record residential price is $7.75 million when a Goodhope Street Dunkley Developments residence sold through Bickmore-Hutt agent Damien Bickmore-Hutt in April 2010. There had been an earlier $7.75 million sale in 2006 when stockbroker Neville Miles sold in Union Street.

Fashion designer Collette Dinnigan secured $7.3 million for her resort-style Paddington residence earlier this year. The Underwood Street property last traded at $4.1 million in 2002 when bought from the then Altona, Point Piper-bound couple, Deke and Eve Miskin. It sold through Ben Collier and James Dack at McGrath Estate Agents, in conjunction with Bill Malouf. Dinnigan had initially listed in 2009 with $10 million hopes.