Currently under contract.

Location: 10 Lorna Street, Lynmouth

Key attributes: Central location, elevated, potential plus

Your mission:

1. Renovate it

2. Live in it, rent it, or sell it

This is one project that's not for the fainthearted; it's fit for the seasoned renovator with a friend in every trade and the motivation to get up early on a Saturday morning and get stuck in.

Here are the details:

House: 3 bedroom, 1 bathroom

Building age: Pre-1989

Title: Freehold

House size: 130sqm (more or less)

Land size: 738sqm (more or less)

Land Value: $440,000

Capital Value: $560,000

Current rental appraisal: $530.00 - $550.00 per week

Current LIM report available

Our advice: Come and inspect, get your pre-approval ticked.