Position- Potential- Price- This absolute waterfront property offers multiple living spaces with a generous kitchen area all looking NE over the sparkling waters of North Arm Cove. Offering 4 double bedrooms, main with ensuite, this two storey property is perfect as an investment, holiday or permanent home. Increasingly becoming more popular, North Arm Cove can be likened to Pittwater/Church Point offering a wonderful lifestyle at an affordable entry point. Possibility for dual income stream and currently rented to long term tenants at $380.00 per week. Tiered with level lawn area to waters edge, 24m frontage to water, jetty and concrete slipway. Enjoy the waterways with Karuah, Nelson Bay and Tea Gardens just a short boat ride away with an excellent choice of waterfront restaurants and swimming spots. Just 2.5 hours North of Sydney, 25 mins from Newcastle Airport, 50 mins from City Centre, and only 10 minutes to shops at Tea Gardens and the beautiful beaches of Hawks Nest. With a 22 metre wide street frontage this home has incredible potential to update and is well worth an inspection. Floor Plan provided. Total land area 1466 sqm.