Explore a rare development opportunity nestled in the heart of Ulladulla, boasting a substantial 1012m2 plot of land with captivating north-facing views encompassing both coastline and district scenery, all under the coveted MU1 zoning. This property features an original three-bedroom, two-bathroom home flooded with natural light, strategically positioned on the elevated side of the street. Enjoy utmost convenience with Ulladulla township amenities just a leisurely stroll away, including charming cafes, boutique shops, the harbour, sea pool, lighthouse, and scenic walking trails. Property Highlights: - Prime Location: Situated on a generous 1012 square meters of land with versatile MU1 mixed zoning, offering abundant possibilities for development or investment ventures. - Ocean and surrounding district views - The residence presents the opportunity to be leased to a long-term tenant, providing immediate rental income potential. - Retaining its original charm, the home boasts spacious living areas, a large backyard, and a central location ideal for coastal living. - A spacious two-car garage and fully enclosed rear yard. With its versatile zoning and prime location, this property is a canvas for developers, investors, or those seeking to embrace the coastal lifestyle.