92 Morgan Street, Merewether, NSW 2291

Instantly liveable while you consider your plans, 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). An untapped home blessed with plenty of original charm, including decorative plasterwork and ornate fireplaces, this gun-barrel beauty is patiently waiting for a modern revival. Currently boasting three bedrooms, separate living, dining and sunrooms, plus a neat kitchen and bathroom, all on a perfect north-to-rear parcel, the foundations are in place for its new lease on life. Surrounded by abundant urban attractions, 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 ? it's 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

* Updated kitchen featuring stone benchtops and dishwasher

* Neat and fully-tiled bathroom with shower-over-bath

* Two double-sized bedrooms (one with sunroom) plus a smaller third bedroom

* Deep and perfectly level 419m2 (approx) block with north-to-rear orientation

* Rare and highly sought-after opportunity within a blue-chip suburb

Council Rates: $3,242 PA approx

Water Rates: $909 + Usage PA approx

Rental Potential: $750 PW approx