1/47 Earle Street, Cremorne NSW 2090

Ground-floor Art Deco conversion | dual courtyards & direct access | opposite parkland | potential dual-unit acquisition This property presents a rare configuration of a whole-floor apartment in an original Art Deco building, offering both character and privacy seldom found in this market. Its direct street access, expansive private courtyards, and position directly opposite Primrose Park create a living experience that mimics a detached house, appealing strongly to downsizers or professionals seeking low-maintenance space without compromising on outdoor living. The ground-floor layout with high ceilings and period details further elevates its appeal above standard units. The scope to purchase both apartments in the building presents a strategic option for an owner-occupier seeking to control the block or an investor considering a future redevelopment, subject to council approval, capitalising on an exceptional location within walking distance to reserves, village amenities, and transport. The primary decision hinges on whether to acquire one or both units, as the standalone value is anchored by its unique character but constrained by the shared title. The lack of recent comparable sales in the building and the 2008 last sale date introduce pricing ambiguity, requiring a robust independent valuation. While the unit offers modern conveniences like NBN and a modernised bathroom, any future renovation or redevelopment potential is contingent upon strata agreement and council approval, processes that carry cost, time, and uncertainty. The investment case for a single unit is one of lifestyle holding with moderate capital growth tied to the park-side location; the dual-unit acquisition is a longer-term strategic play. Proceed with a single unit for its unique owner-occupier appeal, or pursue both only with a clear, feasibility-tested plan and significant contingency for strata negotiation. * Unit 2/47 Earle Street: Estimated value $1,748,000 (2 bed, 1 bath, 1 car). * 1/47 Earle Street: Last sold April 2001 for $500,000. The significant appreciation since 2001 underscores the location’s long-term growth, while the estimated value of the identical upstairs unit provides a direct, credible benchmark for this property’s likely market value.