Situated on a generous 670sqm water front block, right on the shores of Lake Macquarie, this original brick and tile home sits on a conveniently level parcel of land that offers the perfect value add opportunity to create your dream home that stays in the family for generations or renovate and sell down the track. With uninterrupted views and direct access to the lakefront, it offers a peaceful lifestyle with endless opportunities. - Direct lakefront property, unbeatable views of Lake Macquarie - Quiet location in a sought-after and peaceful part of Gwandalan - Knockdown, extend or renovate, ideal value add opportunity - 670sqm level block, room to expand or add a pool (STCA) - Three good sized bedrooms, full bathroom, combined living/dining - Large sunroom to the rear, internal laundry, double lock-up garage - Close proximity to shops, boat ramps, restaurants and public jetty's - Catherine Hill Bay and Caves Beach are just a short drive away - Multiple primary and high schools all located within a short distance - Approximately 50 minutes to Wahroonga and 45 minutes to Newcastle KEY DETAILS: Council Rates $2,655pa Water Rates $994pa