1/78 Catherine Avenue, Chelsea, Vic 3196

Dishing up huge appeal as a brilliantly located first home or investment - or even an exciting new-build opportunity (STCA) - this potential-rich property is being offered for the very first time. Steps to the glorious family-friendly spaces of Bicentennial Park and just moments to shops, schools, the station and bay, it is unbeatably positioned for a relaxed and carefree lifestyle.

The front of just two on the block, with its own street frontage and no body corporate fees, the home on approx 339sqm is ready for a modern makeover but provides comfortable accommodation while you plan your next steps. Among its highlights are a lounge, well-equipped kitchen and bright meals area, central bathroom and three good-sized bedrooms. There is also split system heating/cooling and garden shed, while the generous blank canvas courtyard dishes up plenty of room for relaxation, entertaining or play.

Remove the carpets and polish the boards underneath, give the walls a lick of paint and update the bathroom and kitchen to create a chic & stylish coastal abode befitting of its enviable bay-side address. Alternatively, consider options for a brand-new home that maximize use of the generous north-facing site (STCA).