Located just 80 metres from the water, this 5 bedroom home presents an incredible opportunity to secure an affordable house in highly sought-after Gerroa. Offered to market for the first time in over half a century, this large original 1950's house is a renovator's delight, ready to be transformed into a lucrative holiday rental property or your own family holiday home for weekend escapes. Perfectly positioned in close proximity to the sparkling sands of Seven Mile Beach, you'll find the award-winning Blue Swimmer cafe across the road, Emery Reserve playground behind, and an easy stroll down to Crooked River and the beach beyond. The gentle surf of Seven Mile Beach and the adjoining estuary are the perfect spot for kids to swim and a great place to learn to surf or paddleboard. Just 90 minutes from Sydney, Gerroa is surrounded by rolling hills to the north and spectacular Seven Mile Beach to the south. Sample the local wineries, seaside golf course and coastal walks, or just enjoy the peace and quiet. Whether you're looking for a renovation project or a future rebuild, opportunities to purchase this close to the water in Gerroa at an affordable price are extremely rare!