The added attraction to this exceptional property is the ability to construct a second dwelling on this extra large residential block, close to CBD & local shopping. The iconic home sits in a FLOOD-FREE location and is reluctantly offered for sale for the first time in 82 years. Proudly built by master builder Bill Wagner as his family home, this is a true testament to the fine workmanship of a master craftsman of the 1930's era. The home boasts fabulous street appeal and features the old-world charm of a spacious wrap-a-around front verandah. A major traditional feature is the expansive central hallway lined with beautiful cedar wood panelling, and as was the style of the day the home has been built with large rooms and high ceilings with ornate plasterwork. The family will enjoy 3 large bedrooms, roomy sleep-out/study and 2 spacious well separated living areas. There's a large semi modern kitchen with a big walk-in-pantry and the family bathroom enjoys a separate shower and bath. The family will appreciate the convenience of a separate toilet with hand basin too. At the rear of the home is the kitchen adjoining the light and airy spacious dining and family room which features a wall of windows with a tranquil outlook over the large backyard and some beautiful local views of the tree filled hillside. Downstairs is the laundry and 2nd toilet plus a compact lock-up room and there's an enormous expanse of dry storage space for any handyman. The backyard offers an oversized double carport and is high enough for a large boat and/or caravan. More major features include: * Solid traditional craftsman construction using top quality hardwood timbers * New roof approximately 6-7 years ago * Stunning polished timber floors * Classic leadlight windows and leadlight glass to internal cavity sliding doors * Reverse-cycle air-conditioning to family & dining room * Genuine opportunities for development or business premises, centrally located to town, university & hospital. Astute buyers will quickly recognise the artful blend of old-world ambience married to semi-modern convenience in this character-filled home If your pre-requisites are a home with charm, on a huge block in a convenient flood-free location, then this rare opportunity constitutes essential viewing.