16/40-48 Gerard Street, Cremorne, NSW 2090

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SENSATIONAL VALUE! Located on the 5th floor of this popular security building and enjoying a sun-drenched Northerly aspect and sweeping district views to the Chatswood CBD, this spacious apartment offers a comfortable lifestyle now, with excellent potential to further renovate and capitalize on this convenient location and excellent floorplan. The accommodation features 2 huge bedrooms with built-in robes, full bathroom plus huge separate laundry room (potential for second bathroom), large original kitchen awaiting renovation and separate dining and living spaces that open to the Northern sunlight and sun-room/enclosed balcony. Other features include under cover security parking, lock-up storage cage, visitor parking from the rear lane, level lift access (2 lifts) and a rooftop observation area with clothes lines and panoramic views over all parts of the Sydney Basin.

In a quiet & peaceful setting at the rear of the block yet only moments from shops, cafes, restaurants, city transport and the Orpheum Picture Palace this is a fantastic opportunity for home buyers and investors alike with excellent lifestyle features and wonderful potential to renovate and add value.

Outgoings: Council $237.00p/q, Water $171.96p/q, Strata $1596.20p/q.

Area: 104.3sqm on title (over 90sqm of internal living).

Property Info:
  • Property ID: 19486386
  • Property Type: Apartment
  • Garages: 1
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R&H Suburb Profile: Cremorne

R&H Suburb Summary Houses
Number of sales 68
Average Price $2,893,505
Median Price $2,476,500
Median Rental Price $1,185 p.w.
Change in Rental Rate (5yr) -1 %
R&H Suburb Summary Units
Number of sales 202
Average Price $1,192,990
Median Price $1,075,000
Median Rental Price $650 p.w.
Change in Rental Rate (5yr) 5 %
Cremorne, NSW - Median Trend