Located just minutes to Gracemere and situated on 2.2 acres this colonial cottage is in good repair and would be fantastic for a family just starting out with plenty of room for the kid’s and their pony. The solid three bedroom home has been re-stumped & is in good repair…a re- paint inside would be ideal. The elderly owners are ready to move and are committed to sell. The bore and rainwater supply plenty of water for the home and adjoining land. Now for the savvy investor here’s the best part, all the land is on different titles and has the potential to subdivide into 7 blocks if desired…. $255,000 for House and 1.2 acres or $350,000 for house on 2.2 acres which includes a 1 acre block already subdivided into 4 x 1000m2 blocks ready to build on.Also can purchase just 1 acre block (no house) in 4 titles for $130,000.