Positioned within easy walking distance to the charm and convenience of Leura Mall, this early 1900s weatherboard cottage presents a rare opportunity to secure a substantial landholding in one of South Leura's most tightly held locations.Set on an impressive approx. 1,368sqm flat block, the property's true value lies in its exceptional future potential. Zoned R2 Low Density Residential, the site offers flexibility for a range of possibilities including potential subdivision, secondary dwelling construction, or further development opportunities (all subject to council approval). Opportunities of this scale and zoning, so close to a thriving village centre, are becoming increasingly difficult to find in the Blue Mountains.The existing cottage is undeniably a project and requires significant renovation, however the character and bones of a classic mountains weatherboard remain. For buyers with vision, creativity, and ambition, there is enormous scope to restore and revitalise the home while capitalising on the generous parcel of land.The current layout comprises three bedrooms, one bathroom, a kitchen/dining area, and a spacious living room, along with a charming wrap-around verandah and ample off-street parking.Whether you are a developer, investor, builder, or renovator seeking your next project, 79 Megalong Street offers a unique combination of location, land size, and development flexibility in a premium South Leura setting.A rare chance to unlock the potential of a landmark site in one of the Blue Mountains' most desirable villages.
