The dream of developing (STCA) in a prized Nunawading location (in General Residential Zone 1) could soon be a reality should you become the next occupant of this perfectly positioned, three-bedroom home set on a huge 779sqm (approx.) allotment. Whether your vision is create a block of ultra-modern Townhouses or set of trendy units, your brand new development stands to enjoy the full benefits of a premium location that's within walking distance of Mitcham Shopping Centre, Nunawading train station, Walker Park and Haliday Park and only minutes away from well-regarded schools and the Eastern Freeway. The property is currently leased for $450 per week, which should provide some financial security whilst plans and permits are being approved if you wish to develop at a later date. The interior of the well-kept residence immediately draws you in with its charming persona, abundant natural light and beautiful polished timber flooring. Lounge on entry enjoys plenty of space, so too does the central, well-appointed kitchen (with stainless steel appliances) that flows through to an intimate dining setting that's perfect for sit-down dinners with the family. Bedrooms are zoned on a quiet section of the home and serviced by a light and bright family bathroom, and if kids are present, a large, grassed backyard will play host to epic soccer matches and backyard cricket contests. Gas ducted heating will keep you warm in winter, and should summer decide to hang around a little longer this year, rest easy in the knowledge that you'll be kept nice and cool thanks to the presence of air-conditioning.