46 Morgan Street

Position. Potential. Possibility. Perfectly positioned in the heart of Merewether, this exceptional 840sqm (approx.) parcel presents a rare opportunity to secure one of the suburb's increasingly scarce large landholdings. Home to a charming 100-year-old timber and iron cottage, rich in period character, the property combines timeless appeal with outstanding future potential. Behind its classic façade, the original three-bedroom home showcases ornate ceilings, picture rails, elegant proportions and original fireplaces, providing the ideal foundation for a sympathetic renovation and contemporary extension. Alternatively, with a 15.24m frontage and R3 Medium Density zoning, the site offers exciting redevelopment potential (STCA). Whether your vision is to restore, rebuild, develop or landbank, the property's strong rental return of $790 per week allows you to generate immediate income while planning your next move. Enjoy an enviable lifestyle just moments from everything that makes Merewether so highly sought after. Walk to The Junction's cafés, restaurants and shopping precinct, Coles, IGA, quality schools, Lingard Hospital and Souths Leagues Club, while Merewether Beach, ocean baths, Darby Street and Newcastle's vibrant dining scene are all just minutes away. - Approx. 840sqm level block with 15.24m frontage. - R3 Medium Density zoning. - Original three-bedroom timber and iron cottage. - Ornate ceilings, picture rails, generous rooms and original fireplaces. - New Colorbond roof. - Returning $790 per week with an excellent rental history. - Exceptional renovation, rebuild or redevelopment opportunity (STCA). - Approx. 800m to Coles, 750m to The Junction Public School, 850m to St Joseph's Primary, 650m to Lingard Hospital and approximately 1.3km to Merewether Beach and Baths.