Never will the opportunity present itself again to purchase a property of this scale within the prestigious and highly sought after Matthews Hill estate. Beautifully loved by the one family since its owner builder construction over 60 years ago, this mid-century weatherboard charmer offers more than just untouched character. The home sits on one of the last oversized blocks being offered for sale in the coveted Matthews Hill neighbourhood. The residential zoned land on offer is a whopping 1135m2 with no easements, has a superb street frontage of 24.42m plus 10.6m plain overlooking Parsons Street Reserve, and an impressive 30.48m at the rear. A substantial development site opportunity for multiple dwellings (STCA) or a grand family home with all the modern luxuries. Alternatively, the cherished home is ready for family living or rental opportunities and comprises a kitchen in the heart of the home, 2 large bedrooms, central bathroom, dining or third bedroom, spacious living and large sunroom. Additional features include hardwood flooring under carpet, high ceilings, gas heating and a lock up garage. The home is a short stroll to Matthews Hill Reserve and bike trail, Sunshine Station and the soon to be built Melbourne Airport Rail Hub, Hampshire Road Shopping Strip, Caroline Chisholm College and Our Lady Primary. Nearby you will find South Road shopping strip, Central West Plaza and Highpoint Shopping Centre. There is no argument here that this site is positioned within a powerhouse blue ribbon neighbourhood with a reputation and desire which proceeds itself. It offers a winning combination of grand scale, multiple opportunities and a premier address. This is definitely a once in a lifetime opportunity not to be missed.