The neat three-bedroom cottage located at 16 Smith St, is believed to have been built around 1927 and has plenty of old world charm.

While little is known about the history of the home, the property, with its timber verandah and white picket fence stands out in a street featuring numerous apartment blocks.

Located on a large 812 square metre flat block, the wrap-around front verandah looking over a neat garden and paved garden path make a welcoming entrance.

Inside, the home features original panelling and high ceilings and, creating a light-filled lounge area which is adjoined by a sun room. 

At the rear of the home, another large verandah allows for indoor/outdoor entertaining. This space also takes in views of the cubby house and large child and pet friendly back yard.

The rear of the home and yard get plenty of sunlight and have a northern aspect. There is a double garage and plenty of storage.

Located within walking distance to Wollongong harbour, North beach, City beach, parks, cafes, the WEC and shops, the home is zoned general residential, and is positioned in a prime location for investors with development in mind.

According to Australian Property Monitors the home last sold in in January 2003 for $1.140 million.

Jordan from McGrath Wollongong said the property was in a “premier position”. It has attracted interest from both developers and people looking to knock down and re-build on the site.

“This original circa 1927 residence is just a brief stroll to Wollongong’s CBD, parks, cafes, restaurants, shops and beaches,” Mr Andonovski said.

“The home is close to Wollongong’s many amenities and beaches. Though comfortable as is, the home also allows scope to update or possibly redevelop subject to council approval.”

In April 2015 a larger home at nearby 33 Smith Street sold for $1.425 million.

The property is open for inspection by appointment. Expressions of interest close on December 15.