This property has been cherished by one family for 45 years and was home to relatives for decades prior. Featuring original period features and boasting three bedrooms, separate lounge and dining areas, as well as time capsule kitchen and bathroom spaces, this home is ready for a full renovation to bring it into the 21st century. While the home itself holds a special place in the hearts of the family, the real value of this property is in the land. With a generous 710.7sqm block and 15.5m frontage, this undercapitalised landholding presents a unique opportunity for a buyer looking for a larger than average Merewether block to build their dream home or a developer seeking their next multi-dwelling site. This pocket of Merewether offers a laid-back and super convenient lifestyle. Take a quick dip in the ocean before work or grab your morning coffee from Commune Convoy. And when the day is done, head to one of the local hot spots like the Prince or Burwood Hotel for a drink or dinner with friends. - 710.7sqm block with northwest aspect, R2 zoning. - Approximate block dimensions of 15.54m X 45.72m. - All building work is subject to approval from Newcastle City Council. - Ornate plaster ceilings, timber floors, leadlight above the front door. - Split system a/c to lounge, and two of the three bedrooms. - Bathroom with shower over bathtub and separate w/c. - Gas fitted to the kitchen and bayonet for heating. - 800m stroll to Merewether Beach, 1km to The Junction shops, eateries & schools. Auction - Saturday 27th May at 12:00pm (If not sold prior). Potential Rental Return: $600 - $700 per week approx Council Rates: $4250.00 per annum approx Water Rates: $856.17 per annum (plus usage) approx DISCLAIMER We have obtained all information provided here from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations and satisfy themselves of all aspects of such information including without limitation, any income, rentals, dimensions, areas, zoning and permits.