34 Cranbrook Road, Bellevue Hill NSW 2023

This substantial full brick residence situated on an 873sqm parcel of land offers a unique blend of rewarding investment potential and bespoke lifestyle opportunity. With Development Approval in place to convert the existing structure into four separate apartments, the property invites astute buyers to capitalize on its valuable zoning permissions and prime Bellevue Hill location.

Currently configured as a collection of individual apartments, including a studio, and two and three-bedroom dwellings, the home accommodates up to eleven bedrooms and five bathrooms in total. This flexible layout may also appeal to larger families or those seeking multi-generational living arrangements, while the rooftop terrace provides a striking vantage point with sweeping views to the horizon, adding an enviable outdoor entertaining space that enhances the overall appeal.

• DA approval for a four-apartment redevelopment offers a clear pathway to adding significant value.
• Alternatively, the residence can be transformed into a spacious, single family home subject to council approval.
• The ground floor contains a trio of two-bedroom apartments alongside a studio, ensuring versatility for both living and rental options.
• An entry-level five-bedroom apartment features a modern island gas kitchen, providing a functional hub for daily living.
• The rooftop terrace is a standout feature, granting peaceful harbour vistas and fostering a relaxing atmosphere for residents.
• Hidden away amidst leafy surrounds, the property enjoys privacy and tranquility despite its proximity to local amenities.
• Convenient pedestrian access to the waterfront, prestigious schools such as The Scots College, and public transport including Bondi buses and city ferries at Rose Bay Wharf ensure connectivity.

This property suits developers seeking a rare DA-approved opportunity, families desiring ample living space in an esteemed suburb, or investors looking for multi-tenanted income options within a highly sought-after precinct.