401/59 Parraween Street, Cremorne NSW 2090

401/59 Parraween Street, Cremorne NSW 2090
Top-floor penthouse | north-facing natural light | boutique Cremorne | dual balconies | premium finishes This property offers a rare combination of top-floor positioning and north-facing orientation within a boutique block, which together deliver exceptional natural light and privacy that are difficult to find in Cremorneโ€™s apartment market. The dual balcony layout and soaring ceilings with skylights create a genuine penthouse feel, while the three-bedroom configuration with a flexible third room suits downsizers seeking space or professionals wanting a home office. The two secure car spaces and full internal laundry add practical weight to the lifestyle appeal, positioning this unit strongly against newer developments that often compromise on internal amenity or parking. The primary risk lies in the inconsistent title area data, which may affect valuation or borrowing capacity if the smaller figure proves correct, and the lack of a clear sales history limits benchmarking against prior transactions. However, the propertyโ€™s embedded network and premium Miele fit-out suggest lower ongoing utility costs and reduced need for immediate capital expenditure, which strengthens its investment case. For a buyer seeking a low-maintenance, high-amenity home in a tightly held village location with strong rental demand, this apartment represents a defensible acquisition with limited comparable supply.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 401/59 Parraween Street, Cremorne NSW 2090
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Market Insight:

Cremorne is a tightly held, high-value suburb with a distinct professional demographic. Demand is driven by affluent, childless couples seeking proximity to the city, reflected in strong owner-occupancy and rapid house sales. The market demonstrates robust long-term growth, particularly for units, though houses command a significant premium. Future performance is underpinned by its established appeal and limited land supply, with affordability remaining a key constraint for entry.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

2

Land

152mยฒ

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