243 Katoomba Street, Katoomba.

'Bijou', meaning little jewel in French, truly lives up to its name. Built circa 1914, this delightful weatherboard home began life as a miner's cottage and today shines as a versatile and character-filled residence offering warmth, charm, and solid investment potential. There is an approved DA for a granny flat to separate the front cottage to the rear cottage. Ultimately, you would have (two) 2 bedrooms, plus study or 3rd bedroom in the front, 2 bedrooms at the rear, 2 bathrooms, 1 fully equipped kitchen, 1 kitchenette and 2 living areas. Tucked behind a mature hedge ensuring privacy, the property reveals light-filled, freshly painted interiors complemented by new light fittings and timeless period appeal. Currently configured as one 4-5 bedroom cottage however this unique setup offers flexibility for extended family living, dual income, or an enviable home plus income opportunity (once the requirements set by the approved DA are done)! The Cottage * 4 bedrooms plus study * 2 bathrooms * 2 living areas * Full kitchen and renovated bathrooms * Room for kitchenette (no stove) Outdoors, enjoy front and rear verandas perfect for relaxed mountain living, a paved BBQ area framed by a graceful ornamental pear tree, and established gardens on a 627sqm block. Additionally, there is a 19sqm workshed, off-street parking, and rear lane access via a quiet service road bordered by National Park complete the picture. Set within walking distance to Katoomba's vibrant town centre, transport links, and popular tourist attractions, Bijou represents an outstanding opportunity - whether you're looking for a beautiful home, a smart investment, or both. Features: * Approx. 5.6% return on investment * Weekly rental income: $765 * Fantastic location - just a 10-minute stroll to town * Opportunity for dual-living configuration and passive income