The four P’s: great Position, excellent Potential, breathtaking Panorama and the right Price. This is what all astute purchasers seek but rarely find.

The property faces east and takes in mesmerising views of surrounding suburbs, Derwent River, CBD, harbour and the Eastern Shore. As you move further up the backyard, the views become even more spectacular.

The condition of the home is that it is in desperate need of upgrading and so opinion will be split between renovators and developers as to the property’s future. Do you leave what’s there and do an upgrade or do you demolish and build some outstanding townhouses (STCA) on this magnificent 1065m2 block? Either way you will be rewarded for your efforts as properties like this are in high demand but short in supply. If doing up the house proves not to be on your agenda, removing the existing structure and building 3, state-of-the-art townhouses may excite you. Retiring baby boomers/empty nesters are increasing their demand for newly built 3 bedroom, 2 bathroom homes and townhouses, so this property will attract plenty of interest from developers wishing to cash in on this wonderful opportunity.

An unusual floor plan provides the perfect landscape for a rewarding extension and/or make over. The house boasts wide entry hallway, 2 double bedrooms, formal lounge room, large size eat in kitchen, formal dining room with an adjoining
study/small lounge, family bathroom, separate laundry and separate wc. Below is a fantastic storage/workshop area which provides access to the underneath of the home. Located in ever popular Mount Stuart, the convenience factor is high with the State Cinema, CBD, public transport, shopping, schools, parks and the vibrant North Hobart restaurant strip all in close proximity.

Properties with so much scope located close to the CBD are certainly very appealing and are becoming increasingly difficult to secure. This one is a rare find and shouldn’t be overlooked.