Within a tranquil setting and positioned on a bumper 4,313sqm parcel of land, this treasured family home of 53 years is presented in near original condition offering an exciting real estate opportunity of rare size and potential. The under-capitalised landholding provides a lucrative opportunity for a knock down and rebuild into a dream family home, or alternatively, property developers could explore options to build multiple dwellings, all subject to council approval. The icing on the cake is the peaceful lifestyle location nestled beside the Fernleigh Track, close to the Glenrock State Conservation Area and only minutes to multiple stunning beaches.  Original 3-bedroom clad home on offer for the first time since 1965  Zoned R2 Low Density Residential with an approximate 13.8m frontage  Block slopes gently down from the road towards the Fernleigh Track  Enjoy the potential of the massive block to create an incredible family home or multiple dwellings (STCA)  Five minutes from Charlestown Square's shopping, eateries and multi-screen cinema  Short drive to Redhead beach and beautiful Lake Macquarie  Within the Charlestown East Public School and Whitebridge High school zones