Positioned in one of Newcastle's most tightly held suburbs, this original period home at 24 Edward Street, Merewether presents an outstanding opportunity to renovate, restore or redevelop (STCA). Set on an elevated block and brimming with character, the home showcases timeless features including timber floors, ornate ceilings, picture rails and a classic brick fireplace. Enjoy the ultimate coastal lifestyle just moments from local schools, parkland, vibrant dining options, and the pristine shoreline, with Merewether Golf Club nearby and iconic local favourites like The Mary Ellen Hotel and The Prince of Wales just a short stroll away. Opportunities like this, offering entry-level buying into sought-after Merewether, are increasingly rare. Key Features: - Original period home with timber flooring, ornate ceilings and picture rails - Elevated block with scope to renovate or redevelop (STCA) - Front lounge with carpet, reverse cycle air-conditioning, gas bayonet and decorative plaster ceilings - Second bedroom with built-in mirrored robes, ceiling fan, carpet and ornate ceiling - Central dining/living area adjoining the kitchen with timber flooring and ornate fireplace - Functional kitchen with upright stove and rangehood - Bathroom with vanity, toilet and shower over bath - Spacious laundry with good functionality - Secure backyard, ideal for families or future improvements - Single garage for off-street parking - Prime location close to schools, parkland, beaches and The Junction shopping precinct - Short stroll to local pubs, cafés and Merewether's world-class coastline If you're looking for a project with strong upside in a premium coastal location, this is one not to miss. Approximate travel time Merewether Beach (5 minutes) Honeysuckle, Newcastle (10 minutes). Newcastle Airport (26 minutes). Sydney (2 hours). Block size: 505m2. Council rates $787 per quarter. Rental appraisal: $720 - $750 per week. Current rent is $640 per week.
