Located in the esteemed Tintern precinct, this charming residence occupies a generous 830m2 (approx.) allotment within General Residential Zone – Schedule 1 (GRZ1), providing a unique opportunity for the savvy buyer or investor to renovate/extend the current dwelling, or developers have the lucrative prospect to acquire the neighbouring site as well and explore the multi-residence development options (subject to council approval) of the combined 1550m2 (approx.). Beyond the classic weatherboard exterior, upon entry, the simple yet functional floorplan begins with the comfortable lounge located on the left and showcases an endearing combination of high ceilings, polished floorboards and sash windows that are reminiscent of a bygone era. The inclusion of air-conditioning and gas heating brings seasonal relief, plus there's also the potential to restore the fireplace to retain this original feature. The combined kitchen and meals area brings together the essential elements for cooking, featuring a gas cooker, ample cupboards and bench space, in addition to an adjoining open study that could alternatively be utilised as a dining area if required. The large master has the added bonus of split system air-conditioning while bedrooms two and three are also well proportioned and are serviced by a light-filled bathroom comprising a separate bath and shower. Furthermore, the tranquil rear yard is a large and open space, with ample room for children and pets. The home also has the benefit of a sizable laundry, abundant storage space under the house, in addition to ample off-street parking. Suitably perched in a well established suburb and only moments from Ringwood East Village and Railway Station, Knaith Road Childcare Centre, Eastwood Primary School, Ringwood Secondary College (zoned), as well as just a brief commute to; Our Lady of Perpetual Help Primary School, Tintern Grammar, EastLink freeway, hospitals, bicycle tracks, restaurants and buzzing cafes. Currently tenanted with a fixed lease (until 28th February 2018) at $1520.83 per calendar month, whether you acquire one or both of these properties, the future ahead is bright.