SOLD
Sold on 16 Mar 2024 for $1,405,000

3/50 Gerard Street
Cremorne NSW 2090

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 83m2
Land area: 496m2
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Property Details for 3/50 Gerard St, Cremorne

3/50 Gerard St, Cremorne is a 2 bedroom, 1 bathroom Unit and was built in 1985. The property has a land size of 496m2 and floor size of 83m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 2 bedroom Unit sold in Cremorne in the last 12 months.

Building Type
Unit
Year Built
1985
Floor Size
83m2
Land Size
496m2
Local Government
North Sydney
Lot/Plan
3/SP30113

Last Listing description (May 2024)

Desirably towards the rear in a complex of only four residences, this spacious townhouse is well-positioned just moments from Cremorne shops and cafes for a lifestyle of ease and convenience. Bright airy interiors flow to a sizeable terrace with a leafy aspect, while the setback position and just a single common wall combine to provide enhanced natural light, peace and privacy. The home features a functional layout with living space on the ground floor and both bedrooms upstairs, the kitchen has been previously updated, and the property comes complete with rear lane access to secure parking. Near a shortcut through to Parraween Street and Military Road, and with close proximity to sought-after schools, it makes a great step up from apartment living or ideal investment in a standout location.

- Gated courtyard area on entry plus elevated north facing entertainment terrace
- Light filled living and dining areas with floating floorboards and air conditioning

- Separate kitchen has quality appliances including dishwasher and ample storage
- Two good sized bedrooms with built-in robes and carpeting on the upper level
- Bathroom including a shower/bath and internal laundry both featuring skylights
- Single parking space in lock-up garage with access from Gerard Lane at the rear
- Perfectly comfortable as is with scope to modernise and potentially value add
- Close proximity to village centre, the renowned Orpheum Cinemas and city buses
- Just 10mins walk to SCEGGS Redlands and popular Middle Harbour Public School
- Centrally located within minutes of scenic foreshore parks and harbour beaches

Council Rates: $311 per quarter
Water Rates: $172 per quarter
Strata Levies: $1,813 per quarter

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Property History for 3/50 Gerard St, Cremorne, NSW 2090

A timeline of how this property has performed in the market
Last Sold
$1,405,000
16 Mar 2024
Listed for Rent
$750/w
02 Aug 2022
  • 02 Apr 2024
    Listed for Rent $850 / week
  • 16 Mar 2024
    Sold for $1,405,000
  • 27 Feb 2024
    Listed for Sale Auction Guide - $1,300,000
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About Cremorne 2090

The size of Cremorne is approximately 1.6 square kilometres. It has 15 parks covering nearly 11.8% of total area. The population of Cremorne in 2011 was 11,049 people. By 2016 the population was 11,220 showing a population growth of 1.5% in the area during that time. The predominant age group in Cremorne is 30-39 years. Households in Cremorne are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Cremorne work in a professional occupation. In 2011, 53.9% of the homes in Cremorne were owner-occupied compared with 53.6% in 2016.

Cremorne has 6,782 properties. Over the last 5 years, Houses in Cremorne have seen a 36.65% increase in median value, while Units have seen a 36.65% increase. As at 31 July 2024:

  • The median value for Houses in Cremorne is $3,753,047 while the median value for Units is $1,414,003.
  • Houses have a median rent of $1,250 while Units have a median rent of $750.
There are currently 27 properties listed for sale, and 29 properties listed for rent in Cremorne on OnTheHouse. According to CoreLogic's data, 295 properties were sold in the past 12 months in Cremorne.

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