Unlock the potential of this 2-bedroom, 1-bathroom gem with pool located in Caravonica. Well positioned on a generous 730m² block, the house is petite in size, but offers opportunity for the savvy buyer. For investors looking for a property offering returns of around 5% this is a great buy, and with some updates this return can be increased. For first home buyers and downsizers looking for a property they can move into and renovate to increase future value, this could be a great option. The home features a functional layout, both bedrooms are well-sized, filled with natural light and have split system air-conditioning and fans. The main bedroom has a builtin wardrobe with mirrored door. The bathroom is modern with bath/shower combination and was updated a few years ago. There is a separate toilet, internal laundry, and linen closet in the hallway. The living and dining area flows into a kitchen with dishwasher, freestanding oven and cooktop with rangehood. The property is fully fenced and at the front of the home you will find a full length patio with retractable shade screens. In the backyard there is a large inground pool, nostalgic brick BBQ and good sized garden shed. The single carport offers drive through access to the yard that adds convenience for those with boats, caravans, or trailers and there is heaps of room to add in a shed. Situated in a quiet street and family-friendly neighbourhood, this property is close to local schools, shops, and scenic park lands. - Rates are $1619.65 per half year - Water costs will be dependent on usage - As is, the property is rent appraised at $480-$510 per week - The house did not flood during the recent flood event Don't miss your opportunity to secure a property with loads of potential.