This lovely character home is situated in the picturesque village of Lilydale only 20 minutes from Launceston. Surrounded by mountains and pasture, the c1900 cottage retains many of its original features, including wooden floorboards, open fireplaces, Baltic pine internal doors and mantles. The property includes a formal lounge, open plan kitchen/dining room with parquetry floor, three spacious bedrooms - all with fireplaces, walk in pantry, combustion stove and a reverse cycle air conditioner. The cottage is a blank canvas which will come to life with some tender loving care. The large 933m2 parcel of land (approx.) provides plenty of parking with a two car carport at rear. The added benefit of no rear neighbours gives plenty of privacy with just the sound of the flowing creek and dramatic views of the ever-changing Mt Arthur. The property is zoned Village which allows for numerous types of developments (STCA) including, but not limited to; residential, recreation, business and professional services, community meeting and entertainment, food services, general retail and hire, service industry, gallery space, visitor accommodation and more. Please contact the Launceston City Council for more information as to what is permitted, what is discretionary and what is prohibited. Lilydale is just a short commute to the Launceston CBD and 35 minutes to idyllic beaches on the N.E. coast. The growing township stands at the gateway to the N.E wine region and a host of other tourist highlights including world class golfing, cycling and bush walking. Within moments walk are all the amenities you would expect from a well established country town with a supermarket, cafe, doctors surgery and service station. This is truly a great place to escape the rat race, bring up a family, or retire to.