Exuding grace & old world charm, this light-filled family home is set to take off into a new era with clever renovations, new build or development (STCA). Permits for a 3 townhouses development are readily available. The near-flat land size of approx. 586.9sqm and excellently located within walking distance of Northland Shopping Centre, Preston North East Primary, Northland Kinder haven, also near parks, the Darwin Creek Trail, train and tram stations and La Trobe University. Additionally do not overlook the high appeal of this current three-bedroom, one bathroom; with a light-filled living area on entry and bright meals/kitchen area, neat and tidy bathroom, ducted heating, evaporative cooling and a large north-facing backyard plus a versatile bungalow ideal for a home office or an additional bedroom, this home will pay itself with a strong rental return long term or until you can see through your plans.