Framed by an established garden and resting on a 720m2 (approx.) allotment within General Residential Zone – Schedule 1 (GRZ1), this character weatherboard home provides a spectacular opportunity for families and investors 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.). Welcomed by an arresting front porch, the timber front door opens up to a tiled entry, revealing a popular floorplan that incorporates a spacious and relaxed lounge centred around a cosy wood heater where family and friends can come together during the cooler months to enjoy the ambient atmosphere. Awash with natural light and neutral tones, the dining area cleverly adjoins the functional kitchen featuring an electric oven, gas stove, Fisher and Paykel dishwasher and generous bench space, in addition to adequate storage. French doors open up to a covered outdoor deck, adding to the available living options. Three sizable bedrooms begin with the master comprising mirror triple built-in robes, with the additional two bedrooms (one fitted with mirror double built-in robes) also boasting generosity of size. The tiled bathroom is also placed off the hall and includes a spa, shower and separate toilet. Furthermore, the big backyard is secure and ideal for children and pets while other benefits include; separate laundry, gas ducted heating, evaporative cooling, air-conditioning, high ceilings, security alarm system and ample off-street parking. This home is situated just a short walk from Ringwood East Railway Station, Ringwood East Village, Knaith Road Childcare Centre, Eastwood Primary School, Ringwood Secondary College (zoned), as well as being within the esteemed Tintern Grammar precinct, and also in easy reach of Our Lady of Perpetual Help Primary School, bicycle tracks, hospitals and EastLink freeway for fast access to the Melbourne CBD. Currently tenanted with a fixed lease (until 9th February 2018) at $1520.83 per calendar month, whether you acquire one or both of these properties, the prospects here are endless.