31 Nicholson Street, Forbury, Dunedin, Otago

This terrific little 5-bedroom money-maker in sunny Forbury, offers the smart buyer superb potential and several add-value options.

For those of you first home buyers that aren't afraid to get your hands dirty, this is a chance to secure a super affordable and liveable home, which you can simply move into and then renovate and enhance when time and finances allow.

Currently tenanted on a periodic lease at $490 per week, investors can simply buy and hold and benefit from an excellent rental return exactly as it is. And a lovely tenant.

House-flippers and renovators will salivate at the chance to secure a home with 5 bedrooms, great floor-plan, space and period elements to ensure a successful renovation and the space and size to amend the floorplan and rooms within the existing envelope.

This classic double-fronted early 1900's home comprises a sunny and spacious front lounge with soaring timber ceilings, offering a glimpse of the home's original character, a spacious and open kitchen and dining room in the heart of the home, 5 bedrooms, 1 bathroom and a laundry room.

Great flat and sunny section with off street parking and plenty of room in the backyard for get togethers and for kids and pets to play.

Forbury is a popular and affordable suburb beautifully positioned between the city and Saint Clair and it's literally a few minutes walking to local shops, dairy, bakeries, doctors, schools and of course it's minutes to Saint Clair beach, cafes and St Clair pool.

Rest assured, this hot little number will see strong interest so get in touch today for a private inspection or I'll see you at one of the open homes.