27 York Terrace, Bilgola NSW 2107

The good news first: it's a Pettit + Sevitt original set within a prime Plateau block. The kicker: it needs a full rehab. Some will be up to the challenge of restoring what many consider an Australian classic, with strong mid-century lines and a traditional Pettit + Sevitt floorplan; others will consider the outstanding development potential on a near-level parcel with ocean views available from a second storey (STCA). Whichever path you choose, the property offers loads of options for those who know how to shine up a gem in the rough, and others who would like nothing more than a brand-new design in a great Plateau setting.

• Pettit + Sevitt original; combined living/dining and original kitchen
• Three bedrooms, two bathrooms; requires substantial renovations
• Mostly level block of 486sqm with easy access from street level
• Opportunity to create a home specifically for your family (STCA)
• Panoramic ocean views from a potential second storey (STCA)
• Just around the corner from Bilgola Primary School, local shops