I think the story of the early bird and the worm comes to mind!

Three great options for this home
It is a big block with a wide frontage, so access to the back for boats and vans with current house that will scrub up fine with a coat of paint and a few minor renovations
OR you could really go to town and put in a new bathroom and kitchen, deck on the back and be right for the future
OR you could have a big block in a good part of town and build a new home
You choose, but be quick and have a look at the options as this home will find a new owner quickly