This exciting property offers endless possibilities, whilst perfectly set on a level quarter acre lot all within a short stroll to Albion Park CBD, local schools, trendy cafes and also offering direct access to the newly built bypass connecting you to Wollongong City. Live in, let out, renovate or detonate… whatever path you choose this project boasts huge financial gains. Absolutely ideal for redevelopment with 4x townhouses, plans available to view in office and are completely ready for DA submission. Quite clearly this 1,018m2 (approx.) block is truly a rare find, providing the perfect playground for builders looking to secure a future project before the next price boom. An inspection of the current homestead will reveal an original conditioned cottage - yet solid, clean and tidy throughout and loaded with character: - 4 generous bedrooms with ceiling fans - An air-conditioned lounge room with open fireplace. - Oversized second living/sunroom at the rear of the floor plan featuring built-in bar. - Well-appointed kitchen and bathroom. Overall showcasing the ideal home to kickstart your next development project, where the possibilities are endless, and the location is priceless.