Builders, developers and astute renovators, you're invited to check out the potential of this extensive property, boasting a large and flat grand total of 1106m2 (approx.) block. Ideally located in the versatile RGZ1 with a DDO7 overlay, you will quickly realise the magnitude of this opportunity.
The level soil is ripe for a multi dwelling development (STCA), the added bonus of the existing brick residences provides a source of income whilst plans and permits are being approved. The home is charming and has been well maintained, with great bones, for those who see the potential. Spread over two levels, featuring three bedrooms, two bathrooms, large living room, kitchen and meals area, plus a large workshop and double lock up garage.
This is a street that is seeing increasing quality development with younger families and downsizers wanting to position themselves in this popular location leaving this as an investment with solid future potential.
Lilydale is thriving and has experienced unprecedented growth. Located roughly 40 kilometres from Melbourne CBD it is an area that provides fantastic lifestyle benefits with its proximity to amenities, outdoor recreational facilities and easy access to the gourmet delights of the Yarra Valley.
This premium development opportunity is just a moments' walk to Mount Lilydale Mercy College, Lilydale Train Station, the vibrant strip shops and cafe's that Lilydale has to offer. Also providing convenient access to Eastlink, Ringwood and under an hour to the City. Sure to attract the attention of savvy developers ready to reap the rewards of a brand-new development (STCA) on this prime allotment of Eastern Suburbs land, there is no need to look any further.
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