This is real estate mathematics at its simplest. All you need to do is subtract the house, divide the block, add some new units (STCA) and multiply the profits how easy is that! At a time when demand for units and low maintenance housing is at an all time high, this block measuring around 794m2 offers one privileged purchaser the opportunity to benefit greatly from this property in a sought after area within minutes of the shops, trains and conveniences of Douglas Street as well as the schools and parks. The home itself is tidy and in reasonable condition to rent out for a short term if required and features high ceilings, spacious lounge, separate kitchen and meals area, 2 bedrooms, gas heating with wheelchair access ramps and bathroom. Outside, there’s a single garage and large shed that could serve as a studio or bungalow. But the key is really the land and with potential for multiple units, this is a standout investment indeed.