This magnificent two storey Victorian sits proudly in a streetscape of heritage buildings, offering character, space and flexibility just a 10 minute walk to the Octagon. Once the much loved Deacons Court B&B, it's now a home that can work as hard as you want it to.

The current owners have lived upstairs and run their business from the lower level, which shows how adaptable the layout is. The upper level offers two or three bedrooms, kitchen, living and an outdoor deck, with some rooms enjoying sensational views across the city and down the Harbour. Downstairs, two further generous bedrooms with their own bathrooms suit a business, a second household, or rental accommodation.

Set on a generous 830sqm section, the rear of the property is a real surprise. A large, light-filled conservatory opens onto a private, north-facing garden alive with native birdsong, perfect for entertaining, relaxing or hosting guests. Space like this is rare so close to town.

Major work has already been done. The property has been rewired, and re-roofed, giving you peace of mind to focus on making it your own.

Ways to make it work for you:

Live upstairs and earn downstairs: run a business, B&B or guest accommodation from the lower level while living above.

Two households, one address: ideal for two families who want to share a home whilst maintaining a degree of individuality.

Full rental: a substantial investment opportunity in a sought-after central location.

A grand family home: reclaim the full house and enjoy the space, character and garden.

It was a popular, successful B&B for years and could be again, with guests drawn to the location and the charm. Whichever path you choose, you're buying heritage character, a lifestyle and the flexibility to supplement your income.

A LIM is available, so you can explore the possibilities with confidence. Come and see them for yourself.