Tightly held and loved by the previous owners since its original construction, this home is ready for a new family to renovate or build a new. A unique opportunity to invest in an elevated, east-facing block on 468m2 in one of the most respected streets in St Lucia. This generously proportioned light and bright family home is perfect for easy living. The low set one level residence has two bedrooms, an additional study room, a large combined living and dining. Outside is a separate studio/ storage area. The traditional brick and tile home has been kept in its original condition however, as you will see by the streetscape, the potential is here to either remove the house and build your new home or renovate the property. With the right development, the potential rental return of this property could be greatly increased. This home offers everything at your doorstep. Being positioned so close to the University of Queensland, Hawken Drive Village, public transport and only a 10-minute drive from the city, it provides an exceptional opportunity to create a home that fits your needs or seize the convenience of the location as a solid investment. Property Features: - East facing 468m2 block - 2 Bedrooms - Large open plan living/ Dining - Separate study - Bathroom with separate toilet - Large separate studio area at the back of the property - Solid brick and tile construction - Fully fenced, back yard - Side access to backyard - Built 1970 - Rental Appraisal: TBA - Currently tenanted until: 29/03/2023 - Tenants currently paying: $455/ Week Location: . University of Queensland – 160m . Acacia Park - 190m . Hawken Drive Shops – 350m . Guyatt Park (Ferry Terminal) - 1 Km . Bus Stop With access to CBD – 300m . Indooroopilly shopping center – 4Km . Brisbane Boys College – 3Km . St Peters Lutheran College – 3.2Km . St Lucia Golf Club – 1.8Km School Zone: Prep – Year 6: Ironside State School – 1.4Km Year 7 – Year 12: Indooroopilly State High School – 2.4Km