Are you looking for an affordable, feasable and lucrative investment or development opportunity? Then this property is sure to please you! Located in a highly sought after area of Flora Hill right in the heart of the University precinct, the home is positioned on a lovely elevated 750m2 (approx) block, and conveniently close to the University, public transport and other amenities. Upon entry, there is a cosy light filled formal lounge with views of the landscape. A gas heater and wall air conditioner provide year round comfort. There are two generous sized bedrooms, one with built in robes and the other with ample room to add them. As a bonus, there is a study/home office at the rear with plenty of storage space and an opportunity to extend the home for those looking for that third bedroom. An open plan kitchen/meals area boasts gas cooking facilities, plenty of cupboard space, split system air-conditioning, gas heating and ceiling fan. The three piece family bathroom is conveniently located between the two bedrooms, with separate shower and bath. Inside is completed with a large laundry with ample cupboard space. Outside is low maintenance easy care gardens with beautiful lush lawns, single garage, and good sized shedding – all on a large private allotment ideal for future development (STCA). Inspection is a must with this one. In such a great area – rent as is immediately or develop over time and watch your pennies grow!