If houses were movie characters, this one would be Bridget Jones- waling the epic ballad “All by myself” at the top of its lungs into a hairbrush. It sits vacant, past its prime and in need of a pick me up that will have effects akin to a box of tissues and a giant tub of ice-cream for Bridget.

That it sits vacant and unloved is almost a crime when you ponder just how little residential land there is remaining in the side streets of the CBD.

You only need to look at the popularity of the premier executive townhouse development just a few doors up the road to realise its sparkling potential!

There is an existing fibro and iron cottage on the block- but really the punch that this rare block packs is as a vacant block, demolishing the derelict home and starting from scratch.

With rentals at a premium, and prices always rising steadily, the demand for new, quality townhouse or unit accommodation is palpable.

You have 488 square metres to work with; you can develop a cutting edge new home capable of fetching up to 400+ per week rent or a wonderfully positioned base for your own home.

Its location is just a few strides away from major retails shops, cafes and services, and just a few minutes’ walk from town, making for a lifestyle of convenience and activity.

Run out of flour? No problems- just dash down the street and in moments you’ll be back in your new kitchen, the feast back on track once more.

The block will also satisfy the environmentally conscious- with its proximity to everything basically removing the need for a car at all, and saving thousands on fuel each year.

One could imagine an exclusive feeling high fenced residence with electric gates for grandeur, or a street front cottage style home that replicates the once glamorous character of the existing building.

Further expanding the opportunity for developers, the next door character cottage is also for sale (this one liveable and a potential income stream while you build on the block), providing the opportunity to double your space and create a duo of townhouses for a prosperous investment.

Breathe new life into this sad and sorry home and snap up a rare piece of CBD central residential land- filling your purse as you go!!

What you should know:
- 488sqm block
- Bowl over derelict house and start anew
- Prime position on CBD outskirts
- Ideal location for a new town house
- Adjacent home and block also for sale