Set on a block approx. 960m2 this intriguing home has enormous untapped potential. It's already a proven investment with a stable rental history.( The property is being sold with vacant possession.) The large, elevated lot lends itself to future development for townhouses or that dream, city-fringe home you have always wanted (STCA). The existing home offers a versatile layout with various options for use. It's basically three bedrooms, a seperate living room, and a central family room adjoining the kitchen/meals, a bathroom, a rear vestibule and separate laundry, or it could be configured to suit. The large country-style kitchen/dining features a 900mm stainless steel gas/electric cooker, a dishwasher and ample storage. Internally, it displays typical features of the 1940s build like polished timber floors, higher ceilings with ornate cornice, timber double-hung windows and original light fittings. Vagaries of the weather will never be a problem with ducted evaporative air conditioning, a gas wall furnace, gas log fire and two split system air-cons. Outside, there's a large paved outdoor living area with access to an external WC, a garage/workshop approx. 6.8m x 9.2m, a garden shed and various fruit trees to provide a little backyard bounty. The convenient location is a two-minute walk from the Quarry Hill Primary School and golf course, with the railway station CBD and local cafe a three-minute drive away. Where else can you find a property with so many opportunities as this in Quarry Hill? Buy it for your first home, add it to your investment portfolio and/or land bank for the future. Every which way – you cannot lose!