Set on a generous 424sqm parcel with direct garden access to the waterfront Thornton Park, this historic home (built in 1854) is located on the prized Balmain East Peninsula, representing the opportunity of a lifetime. Currently dilapidated, the residence captures awe-inspiring views across the water to the Harbour Bridge and Barangaroo. DA approved architectural plans designed to completely renovate the home, include a pool and provide for a stunning transformation into a sought-after family residence. Featuring: - Two sets of plans provide for 3 and 4 bedroom configurations - Provision for open-plan entertaining with a fireplace - Sprawling garden with views and pool that back onto Thornton Park - Use existing DA approved plans and/or further the design to create your own masterpiece (STCA Section 96) - Moments stroll through the park to Balmain East ferry wharf - Footsteps to charming local village cafes, shops, and buses - Brief walk to popular Nicholson Street Public School - World-class position, breathtaking views & vast possibilities A highly sought-after location with abundant potential and opportunity.