18/81A Gerard Street Cremorne NSW 2090

2-bed unit in security building | 4th floor light-filled aspect | below suburb median price point | strong rental demand implied This unit presents a competitively priced entry into the Cremorne market, positioned below the local median for two-bedroom units. Its strengths are a practical configuration with balcony and car space within a secure, established building, serving either an owner-occupier seeking a low-maintenance home or an investor targeting the suburb’s rental-dominant tenant base. The light-filled fourth-floor position and neutral finishes offer immediate livability without renovation outlay. The primary decision point is the established strata structure, where future capital expenditure on the building represents a contingent financial risk managed through the capital fund and levies. The commercial logic is acquiring a below-median unit in a high-demand suburb, yielding an estimated 3.75% gross rental return. Proceed with an auction strategy, holding as a long-term rental or principal residence. A PropCred report would pressure-test this valuation against recent comparable sales, detail strata health, and identify locality-specific risks for insurance.