Settle into an easy breezy coastal lifestyle where you are positioned to take advantage of beautiful patrolled beaches, The Terrace shopping precinct, Ocean Grove Primary School, and Barwon River on foot in just minutes. This perfectly located, original three bedroom beach house is an unrivalled investment in the very heart of town. Set back from the street and privatised by secure high fencing, this charming property is perfectly ready to move into as is, or offers matchless potential for redesigning, renovation/extension or a complete re-develop site for investors. The character infused home itself hosts original features throughout the interior, with a spacious meals and living area enjoying cross ventilation and natural light from both the north and south. An updated kitchen is highly functionable with an electric upright cooker, twin pantry space and direct access to a sun infused portico should extra storage space be required. A separate hallway links you to three double bedrooms, two with built-in robes and all with lovely natural light and sunshine. The original bathroom and separate w.c service these rooms with ease. To the rear is a huge north facing backyard, a blank canvas for you to landscape, plant a veggie garden or drop in a swimming pool (STCA). The original storage shed sits here as a further option for tools and equipment. The front yard of equal size occupies a garden shed, with scope for a double lock up garage and driveway to be installed. Freshly painted exterior and hardwood flooring under some of the carpet. Original beach homes in this location are rarely presented to the market and should not be overlooked. A secure investment for years to come.