Absolutely brimming with potential, this three-bedroom home offers an outstanding opportunity for homebuyers or investors looking to renovate or rebuild in this highly sought-after setting. Situated on a generous block featuring a sunny northerly aspect, the property makes the most of its elevated position to deliver stunning views over the surrounds. Laid out over an effortless single level, the home as is, features a lovely flow through its layout, where abundant natural light and high ceilings enhance the sense of space. At one side, a charming alfresco catches cooling breezes alongside a leafy, elevated outlook. Meanwhile, flow-through living reveals a large lounge room, dining room and sunroom, where a wall of windows frame that spectacular panorama. Featuring gas cooking, the kitchen sits neatly off to one side, while three well-proportioned bedrooms and a bathroom group together at the front of the home. Under the property, expansive patio seating and storage connects to a double carport, framed by a neat grassy yard. Peacefully positioned, the property is just over 1km back from Merewether Beach, making this a wonderful find for those who love to get out on the water. A dazzling range of dining options are moments away in The Junction and Darby Street, while central Newcastle's many attractions are just five minutes away by car. - Ideal duplex site with provision for discharge of storm water to Morgan Street - Fantastic potential for renovation or development in a highly desirable coastal setting - Elevated position provides sweeping views, while catching plenty of sun thanks to its northerly aspect - High ceilings and natural light enhance interior, where versatile living space makes the most of that view - Alfresco adjoins lounge, dining and sunroom, with tidy kitchen feat. gas stovetop and modern appliances - Three good-sized robed bedrooms, inc. master with adjoining study, serviced by bathroom with separate WC - Laundry and storeroom under house, connected to two separate alfresco spaces - Close to Merewether Beach and Glenrock Reserve, 2.5km to Newcastle CBD