Set on an enormous 784sqm block on the banks of the Parramatta River, this well-maintained freestanding home is ready to welcome its next family, yet comes with pre-approved architect plans for a stunning brand-new residence. It makes a generous and comfortable property with a spacious interior layout featuring an abundance of natural light and spectacular water views. Ready to move right in now, this is an excellent opportunity to create your waterfront dream in a quiet street with the convenience of Rivercat ferries, Melrose Park boat ramps, local schools, acres of parkland and playing fields, all within a stroll from the front door. Melrose Park, just a short walk away, is undergoing a revitalization project. This initiative seeks to create jobs, expand housing, and enhance the community with new facilities and public spaces. The urban activation precinct in Wentworth Point is taking shape with a 3.9-hectare park, three pocket parks, residential neighbourhoods, a new school, and a scenic foreshore. This area connects seamlessly to Sydney Olympic Park through pedestrian and cycle paths. Plans also include extending the Homebush Bay promenade to feature a lively maritime plaza with shops and cafes, enriching the waterfront experience. - A prime waterfront position and easterly views up the length of the river - Currently a bright and well-appointed residence in comfortable order - Pre-approved plans for a three-storey home of sleek architectural design - The new home will feature luxury finishes and a swimming pool - A covered entertainment deck and a spacious grassed garden - Ready to live-in or rent out straight away while planning the future - Potential to explore duplex development and maximise value (STCA) - Close proximity to Melrose Park boat ramp, schools, parks & cycleways - Approx. 10 minutes to Parramatta's CBD and 20 minutes to Sydney's CBD - Rivercat ferries, buses and train transport are all only a short stroll away - Approx. outgoings per qtr: Council: $520 & Water: $173