Nestled in the heart of Speers Point, a vibrant suburb filled with lively cafes, bars, and the picturesque Lake Macquarie foreshore, this charming 2-bedroom house presents an unmissable opportunity for first-time homebuyers or savvy investors. Boasting unique features and development potential, this property is a hidden gem with plenty of potential waiting to be discovered. Positioned just a mere (approx.) 950m from the renowned "Pippis at the Point Hotel" and the serene Lake Macquarie foreshore, this house boasts a prime location that promises both relaxation and entertainment at your doorstep. Its versatile R2 zoning adds a touch of promise, presenting not only a cozy home but also an opportunity for future development. Inside, youll find two spacious bedrooms, each thoughtfully equipped with built-in robes for ample storage. The living spaces are designed to invite, with two distinct lounge areas�one at the front and another at the rear�offering flexible options for relaxation and leisure. The large kitchen, complete with electric cooking facilities, stands ready to serve up culinary delights. The bathroom features a spa bath where you can unwind or alternatively enjoy the generous shower space. The propertys corner block positioning comes with the added convenience of dual entry points from both Council Street and Alley Street, while your vehicles find shelter in the standalone covered garage. Beyond the propertys charms, the neighbourhood offers its own set of highlights. A quick 5-minute drive (approx. 3.1km) lands you at Warners Bay Esplanade, where a multitude of dining options await exploration. For families, the home is well-situated, zoned for Speers Point Public School (approx. 0.45km) and Lake Macquarie High School (approx. 2.02km). Public transportation is a breeze, with a bus stop just 600 meters away.