Whether you are looking for a family home, renovation/development project OR both, this once in a generation opportunity on over 1400m2 of residential land across 2 lots is bursting with potential! In a quiet street of an established neighbourhood, walking distance to Dorothy Street shops and Leopold Primary, the location is fantastic. A short drive of less than 10 minutes delivers you to Ocean Grove main beach and the Geelong waterfront is under 15 minutes, making Leopold a highly desirable location and the "gateway" to the Bellarine Peninsula. The property itself has been a single owner for over 50 years and is a unique plot of land with a 35m frontage, giving its lucky new proprietor an opportunity to subdivide part of the land for an easy profit or complete substantial extensions to create a large family estate (STCA). The West side has over 4m clearance providing an opportunity for separate driveways at either end of the property. A solid build on concrete stumps and timber subfloors, the home itself is a great foundation for you to make the aesthetic changes that you desire. A highly functional floorplan offers 6m x 6.6m living room, with a hall leading to the generous bedrooms, all with built in robes, as well as the wet areas including bathroom, separate shower room, separate toilet and a huge family laundry. The other end of the living space leads into the traditional open meals/kitchen area. Ducted central heating is an added luxury for comfort. The land around the home has plenty of established trees, including mature gums and a towering deciduous in the rear yard that is the centre piece of the landscape. A double car garage offers secure parking, as well as an attached workshop / storage area and plenty of additional car parking off-street for the caravans, trailers and hobby cars alike. Property like this seldom comes available, so do not hesitate to book an inspection for your chance to secure this unique opportunity. Call Dion Plumb on 0424 940 629 to learn more.