5 Grace Place, Prospect TAS 7250

Introducing 5 Grace Place, located in the highly desired suburb of Prospect where this exciting development opportunity awaits (STCA). This 890m2 block has amazing potential to extend the existing home and renovate for profit or build multiple dwellings (STCA). The position is ideal with the property just moments from from Prospect shopping precinct and stroll to Prospect High School, Summerdale Primary School and St Patrick's College. Short drive or bus trip to Launceston's CBD. Located in a private and quiet cul-de-sac, this light filled brick and tile home is ready to move in or lease and any development would enjoy a northerly aspect with mountain views. Suitable for investors, first and second home buyers and families. For the savvy investor, this home has true potential to develop or value add and attract a solid return.

The kitchen is well-positioned with gas stove, sink with double drainer and plenty of storage cupboards. Each of the three bedrooms have built in robes and are adjacent to an updated bathroom. You'll be very comfortable in this home with a new reverse cycle heat-pump and panel heating. The hot water system is also near new. Boasting wide side access to a large double garage with power, remote access, work bench and wood-heater and with an additional garden shed you won't be short of outdoor storage. Rear access through a gate at the back of the property to a reserve also provides convenience for leisure and exercise. What a fantastic opportunity that is rarely presented to the market! Don't wait!

Built: 1976
Land Size: 890m2
Building size: 108m2
Council Rates: Approx: $1700
Water Rates: Approx $1000 per annum
Rental Estimate: $520-$550 per week

Best Offer Over $579,000

**Harcourts Launceston has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate.