Within 300 metres (approx) to the water's edge, and potential subdivision (STCA) this beautifully renovated 50's classic is the perfect investment. This 3 bedroom 2 bathroom home, set on a prime corner allotment, retains much of its classic history with its high ceilings and ornate cornice, beautiful feature timber door frames, architraves, skirtings, picture rails, art deco etched feature doors, beautiful sash windows, original kitchen, and terracotta roof tiles. The 21st century transition is complete with a new garage and workshop, 2 huge decks, renovated laundry bathroom, rendered exterior and new front fencing. With an additional bonus 1000lt water tank under the back deck and hot and cold water running to the fishermans trough, everything has been thought of. Current owners have loved the homes' central location in Rye and easy flat walk to local cafes, shops, school, the jetty and playground, perfect for the grandchildren! Plus forget the car at night, with the RSL, Rye Hotel and brilliant local restaurants all nearby. Featuring gas heater and split system A/C, ceiling fans, this property is on a generous 762sqm (approx.) parcel, with the land area facing Sullivan Street cleared and ready to go, it's perfect for a developer or investor wanting to extend their portfolio and build an additional townhouse without the need to do a battleaxe subdivision (STCA). Alternatively, you've got plenty of room for car parking, storage, or room for caravan or boat, with its own access! Live or holiday here, but you will marvel in the beautiful walking trails and bike tracks along the bay. Meander through the weekend markets or try your hand at fishing off the jetty or launching your boat at Ryes fantastic boat ramp. Foodies heaven with cooking schools, and farm gate experiences all nearby, while it also is Australia's golf course mecca and cool climate winery heaven. Auction date - TBA This property will be available for private inspection during the times advertised. It is a requirement for buyers to pre-register before attending any inspection - please contact the agent to arrange this.