5/56 Young Street, Cremorne NSW 2090

3 bed | 2 bath | 2 car | townhouse | private lane access | Cremorne | no overlays This townhouse occupies a rare position in a small complex, with private frontage and direct lane access that effectively functions as a detached house without the land tax burden. The 601m² land component, three-bedroom configuration, and dual parking make it a strong option for families or downsizers seeking low-maintenance living in a premium Lower North Shore pocket. Its catchment for Middle Harbour Public and Mosman High adds structural demand. The primary risk is that a townhouse in a multi-lot complex may carry higher strata fees than a freestanding house, and the estimated $2.2 million value sits at a premium that requires careful comparison to nearby detached alternatives. However, the absence of bushfire, flood, or heritage overlays removes common approval delays. For a buyer seeking a turnkey residence with scope for capital growth, this property suits a hold strategy with potential for steady rental income of around $1,000 per week.