This single-level home will instantly catch the attention of buyers eager to claim a premium Merewether address with the opportunity to renovate, extend or knock-down and rebuild either now or down the track (STCA). Plenty of original charm throughout, including decorative plasterwork and ornate fireplaces, this gun-barrel beauty has three bedrooms, separate living, dining and sunrooms, plus a new kitchen and bathroom, all on a perfect north-to-rear fenced block. From here you can stroll to The Prince of Wales Merewether, the Mary Ellen, or Souths Leagues Club for a drink or meal, walk to The Junction for shopping, or grab a morning wave at Merewether Beach. This is a first-class lifestyle investment.

* Freestanding gun-barrel home and a prime candidate for renovation or extension (STCA)
* Alternately, knock-down the existing home and rebuild a coastal masterpiece (STCA)
* Decorative plasterwork ceilings feature throughout
* Picture rails, fretwork, decorative fireplaces and timber floorboards
* Separate living and dining rooms, both generously-scaled
* Modern new kitchen featuring stone benchtops and dishwasher
* New fully-tiled bathroom with shower-over-bath
* Deep and perfectly level 419m2 (approx) block with north-to-rear orientation
* Rare and highly sought-after opportunity within a blue-chip suburb
* Easy walk to The Junction shops, local cafes and Merewether Beach
Council Rates: $3,242 PA approx
Water Rates: $909 + Usage PA approx
Rental Potential: $750 PW approx