Split over two levels with no internal access between upstairs and down, this house and flat offer a rarely-found opportunity with utmost versatility. With potential for up to $1400 per week in rent (renting upstairs and down), the property lends itself well to those searching for a high-return investment property, or those looking for a place to live with a potential active income to help with living expenses and paying off the mortgage. Nestled within a quiet enclave of popular Sandy Bay, this spot is popular. Upstairs has been recently renovated and comprises 4 bedrooms with a tiled bathroom and a seperate laundry, with downstairs being a compact 1 bedroom apartment with a fully-equipped bathroom, kitchen and storeroom. Originally designed to accommodate those with extended families or older children, now utilised as an investment property. The options are exciting and varied, customisable to suit the new owners' needs. The 4th bedroom upstairs has been added on in recent times, and could be removed to increase the size of the living area. There's no internal access between the two levels, but perhaps this could be instated in the future, to create a large single-family home. Terraced gardens mean there's minimal yard maintenance involved. The front terraces provide multiple areas for recreational and entertainment use, and currently accommodate a kids' basketball play area and space for family barbeques. There's also a single-car garage that fronts the street, allowing for easy access to vehicles and extra storage. Sandy Bay is known as one of Tasmania's top suburbs, with its range of private and public schooling, scenic views, recreational spaces including Nutgrove Beach & Park, Wrest Point Casino and local shopping, trendy cafes and eateries, as well as easy access to famous Salamanca and the city of Hobart. Consider how you may be able to make the most of this fabulous property in "the Bay". Don't miss this opportunity! Contact Harry or Deb for further info and a private inspection.