No. 28 Kareela Rd, Cremorne Point, is on the market with a $4.9 million guide.
A CREMORNE Point property owned by the same family for more than 70 years is expected to pack a punch at auction this weekend.
The six-bedroom home at 28 Kareela Rd, Cremorne Point, is on the market with a $4.9 million price guide and will go under the hammer on Saturday at 11.15am.
Listed with Belle Property Neutral Bay co-principal Matthew Smythe, the 1905-built home was owned by the late Louise Crisp, the first cousin of tennis legend turned politician, John Alexander.
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Following her death last year, the house was passed to her sons, who are reluctantly selling the beloved Alexander/Oakes family home.
The front veranda has glimpses of Mosman Bay.
The property was heritage listed in the 1990s, after Ms Crisp’s second husband Colin, wanted to preserve the property from future development.
Mr Crisp was a highly respected conservation engineer and was involved in the restoration of Hyde Park Barracks and the Sydney GPO clock tower.
The house has a large front veranda which captures easterly sunshine and views over Mosman Bay.
The property is expected to be popular with a number of different buying groups including families.
Located in Cremorne Point, it is only a stone’s throw from the city.
The home is hertiage listed.
Sitting on a 955sqm block it is only a 10 minute walk to Cremorne Point Reserve, Maccallum Seawater Pool and the ferry services to the Circular Quay.
Only nine properties have traded hands in Cremorne Point this year, making it one of the most tightly held suburbs on the lower north shore, according to CoreLogic data.
Across the lower north shore this weekend there is 31 properties going under the hammer — the same amount as last week.
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