Here's a fantastic opportunity for builders, developers and anyone who loves the prospect of capitalising on a project in a great location. For sale for the first time in more than 40 years, this Victorian gem has seen better days but is ripe for renovation, restoration or redevelopment close to village shops and the beach.

Features include:

- 1900s cottage with two double-bedrooms on a wonderful section with plenty of space for everything from expanding the footprint to creating sunny outdoor living
- Mix of original character and improvements, including gas hot water and insulation in the walls and ceilings, but otherwise a rare chance to start over for tradies and do-it-yourselfers
- North-facing lounge that soaks up the sun all day and opens to a patio that steps out to front lawn
- Set back from lovely, quiet character street without through traffic on usable, versatile section with a big courtyard and terraced lawn at the rear with sweeping views
- Just a short stroll or bike ride from everything makes Island Bay so popular, from the vibrant village with its own cinema to the City to Sea walkway and the iconic beach and coastline

If you're handy with a hammer and have the vision to match the potential of what's already here in a sought-after location, don't miss this one!