Baldry was born in Redhill, Surrey to an English father from Leicestershire and a Russian-Armenian mother from Moscow; his parents met while his father was working in Eastern Europe. Baldry spent his early childhood in Moscow and Warsaw, and spoke Russian as his first language, before returning to England. He attended Hurtwood House, completing A Levels in English, history, and theatre studies in 2014. He began his studies in literature at the University of Edinburgh, but withdrew.
In 2007, Baldry starred as Stepan Duchevsky in the comedy film Mr. Bean's Holiday alongside Rowan Atkinson, for which Baldry received a Young Artist Award nomination, and played Caesarion in the HBO historical drama Rome. He returned to acting nearly a decade later when he was cast as Liam Donovan in the Channel 4 soap opera Hollyoaks, a role he played from 2016 to 2017. He then appeared in the Syfy television film Lake Placid: Legacy.
Baldry played Viktor Goraya in Russell T Davies' 2019 Channel 4 miniseries Years and Years and Ed in the film Last Christmas. The following year, he guest starred as John Polidori in the Doctor Who series 12 episode The Haunting of Villa Diodati and appeared in Strike Back: Vendetta on Sky One. After circling a role in the Amazon Prime Video prequel to The Lord of the Rings for several months, he was confirmed to have joined the ensemble cast in December 2020. The series premiered in 2022, with Baldry playing Isildur.

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