An incredible opportunity now exists to purchase an updated four bedroom property with stunning panoramic views of the River Derwent and Mount Wellington on a double block in the popular suburb of Rose Bay.

A keen investor, builder or developer is certain to capitalise on the current interest of premium new housing in the area. There is sufficient side access to the rear of the property and subject to council approval, the site offers the new owner the opportunity to build an additional dwelling, subdivide the rear allotment and sell for in excess of $350,000-$400,000 or hold for a rainy day and sit back while your investment continues to grow.

Nestled on a generous parcel of 754sqm of prime land, this charming and beloved family home gives rise to several exciting possibilities. There is plenty of room to expand, up-date and renovate should you choose, or completely redevelop; the opportunities are endless.

The existing residence with flowing floorplan, featuring double glazed windows, Tasmanian oak floorboards and Fujitsu ducted heating throughout and comprises a lounge room, fantastic new modern kitchen, four bedrooms with built ins and a central bathroom, together with a large family-sized backyard and garage/shed.

The premium location of Rose Bay is just a 5-minute commute to Hobart CBD, close to Eastlands Shopping Centre and Lindisfarne Village, with public transport at your doorstep and within the Rose Bay High School catchment zone.

Whether it's a growing family looking for a wonderful four-bedroom home, or a keen developer wanting to make their mark on the area, a golden opportunity in one of Hobarts booming suburbs like this doesn't come along often!

The information contained herein has been supplied to us and we have no reason to doubt its accuracy, however, we cannot guarantee it. Accordingly, all interested parties should make their own enquiries to verify this information. Property ID: #TNW3999