2/47 Earle Street, Cremorne NSW 2090

Upper-floor Art Deco duplex | Whole-floor residence on 506m² | Opposite Primrose Park | Scope for redevelopment (STCA) This property presents a competitively rare configuration as a whole-floor apartment occupying the upper level of a converted full-brick Art Deco building on a substantial 506 square metre lot. Its positioning directly opposite Primrose Park secures both a premium leafy outlook and a tangible lifestyle amenity that is permanently protected. The combination of original period features, a private garage, and direct street access blurs the line between apartment and house, serving a buyer seeking character and space without the maintenance of a full standalone dwelling. The underlying land value is significant, as the lot size and residential zoning, with no heritage overlay, provide a clear strategic option for future redevelopment or a potential purchase in conjunction with the lower unit. The primary decision hinges on valuing its dual identity as a character home and a land bank. The immediate risk is paying a premium for the existing accommodation, which offers only two bedrooms and one bathroom, a configuration that may limit resale appeal to a specific demographic unless modernised or reconfigured. The commercial opportunity lies explicitly in the “STCA” qualification; the lot’s dimensions and lack of overlays logically support a future subdivision or rebuild, a potential that should be directly reflected in the price paid today. Acquire this property as a long-term hold with the explicit intent to redevelop or to secure a unique, low-density park-side position, as its current rental yield and layout are secondary to its underlying asset value. No specific comparable sales data was provided in the source material to benchmark this property’s asking price. A precise valuation would require an analysis of recent sales for similar duplex units on large lots or subdivided land in Cremorne to assess the premium commanded for its park-frontage and redevelopment scope.