Are you looking for a great first home or investment with no money to be spent? This is a perfect unit, compact and neat as a pin. This one bedroom unit has an open plan kitchen/lounge, as new carpet, split system heating/cooling, rear courtyard and single carport. Located in desirable Newtown, slightly away from the hustle and bustle, in a quiet area near the Barwon River. The property is currently tenanted until 19th March 2011 with a great tenant paying $140 per week and happy to stay on. Ideally located with parklands, walking tracks and public transport at your fingertips.