Occupying an outstanding 875sqm in a quiet location, this original three-bedder with renovation potential, redevelopment possibilities and endless opportunities is the right property at the right time. Experience the allure of Rye and embrace a sought-after peninsula lifestyle that so many of us dream about. Moments from Ocean Beach, pristine coastline, scenic walking trails, St Andrews Beach Brewery, Alba Thermal Springs & Spa and Dundas Street shopping, sharpen your swing at any of the nearby award-winning golf courses. With the potential for high financial rewards and ideal for someone looking for their next renovation or building project (STCA), rejuvenate the home's sunlit layout with a smart makeover that will make this coastal getaway shine. Or, start again and build your forever coastal home. Well-maintained and framed by raked timber ceilings, large expanses of glass and plenty of natural light, the continuous-flow floorplan showcases a large formal living room that flows through to a bright and airy kitchen/living/dining zone. The fully equipped kitchen features generous bench space, clever cabinetry and premium appliances. Three spacious bedrooms all come with built-in robes and share a centrally located bathroom including a separate bath and shower and a separate toilet. Perfectly positioned to soak-up the natural-look gardens and expansive backyard beyond, the extended undercover alfresco invites instant relaxation. Owner-occupier or investor, other highlights and creature comforts include split-system heating/cooling, slow combustion wood fire, space-efficient laundry with extra storage plus a double carport, garden shed and a wood shed.