A renovated Art Deco gem in Cammeray is presenting itself as a big opportunity for its new owners.
DA approved for a state-of-the art multi-level home with internal lift, 55 Cowdroy Ave’s proposed new build will span in excess of 400sqm of living and entertaining space.
The DA also plans to take advantage of its position by expanding on Middle Harbour, Tunks Park and Northbridge views.
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Currently a three-bedroom home with original character and charm, it is on the market with Ray White Cammeray’s Anthony Cowie and Justin Ferguson with a $3 million-$3.33 million price guide.
Scheduled to go to auction on February 14, the two-storey home has two bathrooms and a single undercover carport.
Mr Cowie said the DA would open the buyer pool up to new groups besides downsizers and professional couples who would be attracted to the current house.
“Families and those looking to build a trophy home will be interested in the property’s potential,” he said.
The Ray White agent said the property is located on one of the best streets in Cammeray.
“It doesn’t get any better on the high side than this street. It is a great spot and all of it is north facing,” he said.
The home features a Caesarstone kitchen with a Smeg oven and gas cooking, traditional 1940s oversized windows, large outdoor entertainment area, garden lighting, alarm system and airconditioning.
It is located opposite Cammeray Marina and is close to Tunks Park, local cafes and a number of schools. Cowdroy Ave also offers convenient access into the CBD, North Sydney, freeways and airport via car or bus.
The renovated character home last traded in 2015 for $2.12 million, according to CoreLogic data. The vendors have rented the home out throughout their ownership with a $1050 per week asking price.
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