74 Macpherson Street, Cremorne, NSW 2090

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Auctioned

Auctioned for $1,814,000 (Nov 23, 2019)

Land Value - "Bring Your Builder"

Not for the faint-hearted, this circa 1920’s bungalow style home is a “land value” opportunity to do your own ‘renovation rescue’ or just demolish and rebuild on this approximately 400sqm corner block.

In a current state of disrepair but with potential only limited by your imagination, this homes accommodation includes 3 bedrooms, bathroom, formal living and dining with a beautiful brick fireplace, casual living room, sun-room and kitchen at the rear of the home.

There is a lock up garage at the rear of the block access from Davidson Parade plus a laundry and second toilet.

Within easy access of shops, city transport schools and Cremorne Junction, this is a “budget buying” opportunity for Builders, Developers or those who have watched all the TV renovation programs and want to undertake their own project. There is also potential to capture Middle Harbour Views from a second storey or new home.

Possibly the most affordable opportunity to purchase a freestanding home on the Lower North Shore, although be prepared for a complete makeover from top to toe as this property needs a lot more than just a cosmetic makeover.

Inspect: Saturdays & Wednesdays 12:00 – 12:30pm or by appointment

Auction: Saturday 23rd November 2019 on site at 11:45am

Details: David Buttel 0419 263 362

Outgoings: Water $179.06 p.q, Council $343.69 p.q

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Property Info:
  • Property ID: L637224
  • Property Type: House
  • Garages: 1
  • Land Area: 400.0 sqm
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R&H Suburb Profile: Cremorne

R&H Suburb Summary Houses
Number of sales 53
Average Price $3,263,167
Median Price $2,770,000
Median Rental Price $873 p.w.
Change in Rental Rate (5yr) -30 %
R&H Suburb Summary Units
Number of sales 199
Average Price $1,226,276
Median Price $1,125,000
Median Rental Price $618 p.w.
Change in Rental Rate (5yr) 3 %
Cremorne, NSW - Median Trend
$2,770,000