Opportunities abound at this spacious, comfortable property nestled on 557 sqm. Location is a major highlight of this 5 bedroom versatile home which is currently utilised as convenient student accommodation. Located in the Residential Growth Zone 1 & in mere walking distance of the CBD; this property offers the opportunity to leave as is & invest, renovate in to the perfect home, or a complete transformation by a motivated & enthusiastic developer (STCA). This well established home features 5 bedrooms, or 4 bedrooms & living room, study, spacious kitchen & dining area with ample storage space, 2 bathrooms, floating floorboards, high ceilings, ducted heating & evaporative cooling. The large block features an outside laundry room with sep WC, ample shedding, rear vehicle access & off street parking via a lane way with a generous size backyard & established gardens. The property is currently leased at $150pw per room, plus $170pw for the rear bedroom & study. The rental return is currently $600pw, but has potential of $770pw. This is certainly an exciting & rare opportunity in a prime location. Inspect today.