This property is essentially suited for townhouse development because as you can see, the house itself is in need of some TLC but as the heading suggests, this property is all about the potential. Positioned on 610m2 and zoned Mid-High Res A, this gives you the opportunity to remove the current house and replace it with units or townhouses. You could even capitalise on the potential for city views?
Alternatively, the current house with its three bedrooms, separate lounge and dining and large converted shed at the rear, could be given a new lease on life and transformed into a modern family home, complete with granny flat.
With the block situated within a few meters of the Moorooka shopping and business precinct as well as public transport, selling or renting your development would not be a problem.
So, the options are many, call me to arrange an inspection as this property is currently tenanted until August 2013 at $360 per week.