Sitting proudly on a flat Corner block of approximately 575sqm in an excellent location and a quiet neighbourhood, this 3-bedroom plus studio home is brimming with potential and boundless opportunities. Within the Mount Waverley Secondary School Catchment and Burwood East Primary School Zone. Also, only a short distance away from Deakin University and PLC. This Location also offers an abundance of shopping choices from the brand-new Burwood Brickworks Shopping Centre and Burwood One which features 24 hour Kmart and Coles and a stone's throw to Burwood heights Shopping centre. Trams and bus stops within walking distance allow easy, stress free commute to and from work. Currently receiving $2172 per month in rental income which will give savvy investors peace of mind when securing plans and permits for their new development (STCA). The current home boasts a lounge, kitchen and meal area, 3 bedrooms, renovated bathroom, powder room, plus extended large Rumpus/Studio area with extra kitchen and bathroom can be used as a dual occupancy. Whether you're looking to build your dream home, renovate, or choose to develop on this fantastic corner block (STCA), don't miss out on this once in a life time opportunity in a truly desirable, unique and much sought-after location!