Located in a desirable and sought after area of Newstead, this investment opportunity is one not to be missed. The home is positioned on the top side of the road and has excellent sun and views to the distant mountains. At around 86m2, the home offers a good sized main bedroom and a smaller single bedroom. Heated throughout with a recently installed heat pump, insulated, and also a cosy open fire in the living room. The kitchen is spacious with loads of cupboards and shelving, and has a movable central work station that could make way for a dining table, or alternatively utilising a dining area in the sun room is an added option. The laundry and bathroom are combined and include a spa bath and the toilet. Outside, the gardens are lovely and have a small orchard at the back of the 879m2 approximate block. This is an ideal position to add another unit if you are a developer looking to maximise your investment (STCA). The owners have been to council and have been given the "nod" to proceed with an application to strata title. The current rent on the home is $300 per week and the lease expires around September 2016. Viewing times are limited so please call Sharon to schedule a private inspection of this lovely home.