We are certainly enthused by the possibilities here! A partly renovated federation era bungalow with 2 bedrooms, 2 bathrooms and a big central living area plus sunroom has been almost finished off by its owner but now must be sold. The house is big and currently occupied by family friends for nominal rent of $200/wk (market value probably closer to $300/wk) the more interesting aspect of this property is the 1158sqm (over a quarter acre) lot zoned R1 (General Residential) and ripe for future redevelopment (STCA) You can't get much more central in South Grafton - the primary school is right over the road, Coles is two blocks away, Bunnings about five blocks and Grafton CBD is just 2.5 kms. Take a rental return whilst you plan your future development on this flood-free site - South Grafton is crying out for more quality residential villas!