7 Green Street’s front edifice today (above); and at the time of its Oct 2009 sale for $1.53m (below).
7 Green Street, just a tennis ball’s throw away from the east side of the quant Cremorne Point Foreshore path, will auction off in February with expectations in the high-$3mil range. The newly-constructed home is uniquely positioned for the peninsular suburb where most homes sit under strict heritage protection that make new constructions a rarity. 7 Green Street was the result of a mid-century subdivision of land resting up the hill from the Heritage-listed mansion (turned apartment block) ‘The Laurels’. The home built in the 1960s or 70s was deemed a ‘Neutral Item’ from a conservation standpoint, owing to its incongruous concrete and brick construction in the midst of the dominant Edwardian and Federation style of its neighbours. This all boded well for the current owners of 7 Green Street who acquired the 4-bedroom home on a triangular and petit 400 square metre block in 2009 for $1.53m only to tear down the home and move the pool from the east side of the property to the south.
The new construction is a well-executed and understated take on Hawaiian Colonial architecture (despite unfounded estate agents claim of a ‘Hamptons-style’), at least from the exterior aesthetic. The construction of the home, however, was far from understated. A basic Google Search of the property yielded many a North Sydney Council meeting minutes indicating a back-and-forth on every aspect of the home’s construction. One disgruntled NIMBY neighbour went so far as to nark on the owners of 7 Green Street, claiming the “demolition works had been more extensive than [originally] approved” (they weren’t). Lawsuits even transpired from the exchange, costing the North Sydney Council $44k. Way to go, neighbours. You can thank the owners of 7 Green Street later for increasing your home’s value.
The resultant 4-bedroom, 3-bathroom home ticks most boxes required of a luxury home on Cremorne Point these days. The addition of an exceedingly large attic-floor bedroom and bathroom even grants the home harbour glimpses. But the Radical Terrace can’t help but wonder if the house flip was worth the headaches (and the cost) the owners likely dealt with over the course of their three year ownership…but, as always, the auction in February will be the judge of that.
The listing: 7 Green Street, Cremorne Point
Click below for more images of the property and a FLOOR PLAN!