Positioned on a 398sqm parcel of land and centrally located in one of Sydney's most up and coming areas, this home offers tremendous opportunity for its new owners. Whether you're looking for a renovators' dream, knock-down rebuild or even a savvy development opportunity, this site is sure to peak your interest. The home itself features a combined living and dining area, 2 bedrooms, master with built-in, 1 bathroom, a centralised kitchen, internal laundry, covered rear entertainers deck, great size front and rear yards, plenty of onsite parking and under home storage. Certainly a rare opportunity in a suburb currently undergoing strong revitalisation and offering great future capital growth. Local facilities include South Point shopping centre, Westfield Eastgardens, Matraville Village, Heffron Park, Pioneer Park, Pacific Square Maroubra, the New Coastal Walk, Sydney Airport, UNSW, POW Hospital, Sydney's CBD, the M5 Motorway, and easy access to Sydney's Eastern beaches, cafe lifestyles, golf clubs, beautiful parklands, schools, transport and much more. - Zoned R3 - Medium Density. - 1:1 FSR - 12m Height Council Rates $1502.42 p.a. approx. Water Rates $191.04 p.q. approx. - Positioned on a 398sqm parcel of land - Combined living and dining area - 2 bedrooms - 1 Bathroom - Internal laundry - Rear decking veranda - Good size front & rear yards - Plenty of parking & under home storage. - Development potential