With an outstanding position in the heart of Oakleigh, this incredible 557sqm approx. level allotment represents a premier opportunity for builders and developers to capitalize with a sky-high development. Zoned Residential Growth Zone 5 (RGZ5), the site allows for scale developments and higher density living with a height limit of four storeys (up to 14m) (STCA). Alternatively, investors or those keen to landbank can take advantage of the home's current configuration that comprises of three generously-sized bedrooms, serviced by a family bathroom with toilet, second toilet and laundry. Conveying a light-filled ambience, a spacious lounge room embraces the elegant appeal of polished floorboards and a Victorian fireplace, while the adjacent meals zone and kitchen offers an upright gas cooktop/oven and Omega dishwasher. Further complemented by high ceilings, gas heating, split system air conditioning, large covered entertaining zone plus a generous backyard with garden shed. Whatever your plans, you'll love the location of this delightful home with lifestyle attractions on your doorstep, including popular restaurants and cafes, Oakleigh Central Shopping Mall, Sacred Herat Girls' College, buses and Oakleigh Train Station, close to Chadstone Shopping Centre and major road arterials. Photo ID may be required for entry of Open for Inspections.