11 Wellington Street, Cremorne VIC 3121

Dual-living layout | compact 144sqm block | heritage front room | steps from Swan Street | self-contained upper floor The property’s strongest buying case lies in its configured dual-living capability, which is rare on a 144sqm block in Cremorne. The self-contained upper level with separate entry, second kitchen, and two bedrooms allows a buyer to offset holding costs through rental income or accommodate extended family without compromising privacy. The heritage nod, soaring ceilings, and leadlight front bedroom add character that typically holds value better than purely modern stock, while the ground-floor main bedroom with ensuite improves appeal for downsizers or those seeking single-level living. This house best suits an investor-occupier or a household wanting flexibility without moving to a larger site. The compact lot and 63% building coverage limit future extension potential, which matters if the dual-living arrangement is not permanent. The heritage overlay may restrict external changes, and the property sits on a street with 104 properties, so street appeal and noise should be verified during inspection. The price guide sits below recent estimates from Domain and property.com.au, suggesting either a realistic vendor or room for negotiation. The buyer should treat the upper level as a revenue stream or a buffer against rising rates, and hold the property for its configuration advantage rather than land appreciation.