A rare opportunity to secure a dual occupancy on prime waterfront reserve, approximately one hour from Sydney's northern suburbs. Two separate homes on 847sqm (approx.), backing onto Budgewoi Lake. Astute investors will enjoy the double rental return from long term tenants, plus good capital growth, or for a potentially higher yield, pursue the lucrative holiday letting market. Sought after potential to subdivide the existing approved dual occupancy into two Torrens Title homes (STCA.) High-set & elevated three bedroom home at the rear features cathedral ceilings, spacious kitchen & open plan living and dining all capturing the lake-views flowing onto your own private balcony. Enjoy the private yard, huge garaging & storage plus an updated laundry on the bottom level. The three bedroom cottage at the front of the block features timber flooring throughout, combined living & dining, private verandah and double carport. Enjoy easy side access to the rear, with plenty of room between the two homes providing privacy plus ample space for boats & caravans. Those looking for a sea-change can enjoy a tranquil lakeside home, with extra rental income whilst multi-generational families can also find needed space. One of the areas most central positions, with shopping, primary and high schools only a stroll away and a short drive to M1 access and popular surfing beaches. Take a stroll along the lakefront cycle-path or launch your boat into Budgewoi Lake at the end of the street. The most flexible offering in the area, rewarding smart investors or those seeking the coastal lifestyle. Now is the time to invest - be quick! • 847sqm (approx.) Waterfront Reserve lot • Three bedroom (potential for a 4th), elevated home with lake views • Three bedroom street-front cottage at front of the block • Separately metered for power and water • Lucrative investment or profitable holiday money-earner • Currently leased with Market Rent Appraisal of $1000 per week • Airbnb's along the lakefront achieve approx. $2000 - $5000 per week • Quality inclusions such as air-conditioning & timber flooring • Development potential STCA for Strata or Torrens Title sub-division • Rear access with shared driveway and room for boats or vans • Space & privacy with ample room between homes • Stroll to schools, shops, playground, boat-ramp, and public transport • Short drive to M1 freeway and popular surf beaches Outgoings: Council Rates - $1,906.53 approx. p/a Water Rates - $1,660.00 approx. p/a