An outstanding opportunity with enormous potential, this freshly updated single-level residence comes with stage 1 preliminary plans for 2 new 4-bedroom, 2-bathroom townhouses. Adjoining a tranquil reserve, the 753m2 (approx.) block is nestled in a quiet street just steps from local shops and cafes and moments to Dromanas shops, restaurants and beaches. Filled with natural light and contemporary flair, the existing 2-bedroom single-level home has undergone a coastal-inspired makeover with a new kitchen featuring a stainless-steel 90cm gas cooker/electric oven and dishwasher plus a stylish bathroom with a shower/bath and oval pedestal basin. There is an open-plan living/dining area with split-system air-conditioning and gas heating, a huge master bedroom plus a covered alfresco space overlooking a magnificent yard with a lush expanse of green lawn, freshly landscaped gardens and bay glimpses. Set behind secure, electronic gates, the private property includes updated wiring and plumbing, a single carport, ample off-street parking and a 40ft storage shed. Whether you choose to enjoy as is, extend, build a 2nd-storey addition to capture further bay views or proceed with the approved development, this is a golden opportunity you don't want to miss.