15 Smith Street, North Bendigo VIC 3550

Here's the holy grail for investors and developers; an older house on a 1022m2 block in the hospital precinct.

'Moata' is on the corner of Smith and Bayne streets, opposite the pretty little red brick St Paul's. It already has clear backyard driveway access for a straight-forward potential subdivision, subject to council approval. Be quick with the due diligence here, for the opportunity to value-add is big.

The home and position have been long loved by the vendors. And no doubt the gorgeous lemon scented gum in the front yard too.

There's some unique period and added features in the home, starting with the graceful arched front porch with twisted columns. Double doors open to a wide entry hall typical of the era.

Decorative plaster ceilings and cornice characterise many rooms, as do some lovely leadlight windows.

There are three bedrooms plus a study, and two living rooms; a front lounge with gas heater set into a decorative timber mantlepiece, and a rear rumpus room with split system.

The kitchen and dining room is the heart of the home. Timber lining boards and solid timber cabinetry are in keeping with the home's charms. There's a gas upright stove, pot drawers, breakfast bar and leadlight in the overheard cupboards.

The bathroom and laundry are in good, neat working condition.

Live in or let out the home while you plan for a bright future. 'Moata' is ready for a new owner, and a new era in one of the city's most in-demand locations, due to the proximity to the hospital, Lake Weeroona, and the CBD.