Looking for growth and development in your next adventure, then this would have to be the perfect property at this great location, not just only as a family home with a higher resale further down the track, but as an investment development opportunity of a lifetime. More than halfway through its renovations, this very spacious family home offers multiple living areas, three bedrooms, the main bedroom part of a recent addition is extremely large, a spacious lounge, stunning new bathroom, Daikin inverter heating and cooling, updated wiring, and a fabulous large rear under cover entertaining area. If you're an investor looking capitalise on this property! The home is located towards the front and left of this large block 1103m2 with ample room still left for parking inside the front boundary for the home. There is an extra wide 4.7-meter driveway on the right boundary, with the removal of an old garage, this would allow ample room for access and construction access for maybe two lovely villas behind the main home (STCA). The extra-large, elevated rear yard behind the home was originally a market garden, and to make your life a little easier boasts two large, elevated levelled areas, ideal location for those two lovely villas. On final completion of the two units, plus the original home, all three dwellings will have sweeping views across Launceston and the Tamar Valley, privacy, plus all-day sun. Thinking of extra income? Sell or rent all three or even a combination, and with Launceston performance in growth, population and popularity, this would be better than money just sitting in the bank. This once in a lifetime package is located just a five-minute drive to the Launceston CBD, walking distance to shops, schools, bus stop and a supermarket. Call Peter today for your personal inspection.