88 Melrose Street, Mount Pleasant, SA 5235

This beautiful old home needs a new owner and with interest rates this low and the fact that owner is definitely looking for offers - this could be your opportunity. Considering the sub-dividable block, the age and elegance of the property it is a great investment in a rare and attractive property with the opportunity to sell the sub-divided block for additional income. House blocks in this area are on the market for around $120,000 so there's definitely money to be made here. This spacious home features beautiful polished floorboards throughout, open fireplaces in most rooms, lofty ceilings, very spacious rooms and most attractive elements completely in keeping with its age. Comprising 4 large bedrooms or 3 and a formal dining room, a formal lounge, large fully modernized eat-in kitchen with stainless steel gas cooker, big walk-in pantry, a family room at the rear, a separate laundry and a little sun room off to the side. A very large double garage/shed accessed from the side street leads to a small undercover eating area. The home has an enormous 20,000 gallon concrete rainwater tank which is plumbed into the home ensuring very low bills for this valuable commodity. There is a lovely big garden around the property as the block is on a corner and is 2190 square meters and could be subdivided (subject to council consent) so is an excellent investment if gardening is not your kind of relaxation.