3 Pirralea Parade Nelson Bay NSW 2315 Positioned on a substantial parcel of land in a peaceful established street, 3 Pirralea Parade presents a rare and exciting opportunity to secure two separate residences on one title, offering exceptional flexibility for investors, extended families, or those seeking dual-income potential. With two self-contained dwellings, this unique property delivers immediate versatility along with outstanding scope for future development or enhancement (STCA). Each residence provides generous living accommodation, with spacious interiors, functional kitchens, and light-filled living and dining zones designed for comfortable everyday living. Ideal for multigenerational families, rental investment, or owner-occupiers seeking additional income, the layout allows for independent living while maintaining privacy between both homes. Set within beautifully established grounds, the property also features expansive outdoor space with a large backyard offering endless possibilities for further improvement, redevelopment potential, additional shedding, or landscaped entertaining areas. Detached garaging and extensive off-street parking further enhance the practicality and appeal of this exceptional holding. Whether you are looking to invest, develop, landbank, or secure a versatile property with strong future upside, this is a rare offering brimming with potential in a tightly held residential location. Featuring: - Currently rented to perfect tenants achieving $1,090 per week - Multiple generous living and dining zones across both levels - Two kitchens, ideal for multigenerational living or guest accommodation - Totally four bedrooms with two bathrooms - Detached double lock up garage with additional driveway parking - Expansive backyard with established gardens and mature trees - Private outdoor areas with room for entertaining or future additions - External laundry adjacent to garages - Solid construction with opportunity to renovate and personalise - Quiet family friendly location close to local amenities, schools and transport Location: - Approx. 650m walk to Dutchmans Beach - Approx. 900m to Bagnalls Beach - Approx. 1km to Nelson Bay CBD