Offering upside through both renovation and development (STCA), 295 Peel Street W provides an excellent opportunity for those looking for a versatile project. Offered to market for the first time in many decades, frontage from Peel Street West, but with potential access too from Castleford Court and its generously sized allotment provides great scope, whilst the currently dated interior of the existing dwelling provides further opportunity to add value. Whilst value in developing and upside through renovations is clear, the entry level price expectations also provides opportunity for first home buyers to secure a well located property with scope for realising its true value down the track. Comprising three spacious bedrooms, each has built-in storage. The separate and generously proportioned living space looks out to the covered front porch which enjoys all day sun. The kitchen, whilst dated, offers plentiful storage space and views to the rear gardens. The dining area conveniently adjoins the living space. The bathroom with separate toilet is both particularly spacious and functional, the separate laundry offers adjoining access to the rear yard via the covered mud-room. The existing large shed provides great storage space, wide driveway access also provides further space and potential in the rear yard. A well located property with so much upside, a corner block comprising approximately 990m2, with general residential zoning and a solid brick home yearning for cosmetic upgrades is rarely found. Positioned on the outskirts of Summerhill, within three minutes walk to St Patrick's College, a short walk to the Prospect Vale Marketplace, Olde Tudor Complex and Prospect High School, and less than ten minutes drive to the Launceston CBD. Contact Lochie today to register your interest.