Perfectly positioned in the residential growth zone schedule 1 (RGZ1), this allotment boasts a HUGE 1290sqm approx. of prime real estate. Currently presented as a single level dwelling with 3 bedrooms and 1 bathroom. There is scope to restore the home to its former glory. Alternatively, take advantage of the endorsed plans and bring to life this exemplary development with huge margin. Endorsed plans allow for 12 townhouses, between 14-18 squares of floor area respectively, beautifully designed, these townhouses are balanced to meet current trends and great lifestyle comfort with north-facing orientation and practical floor plans. Located at the gateway to the Yarra Valley and central to all the amenities Lilydale has to offer with outstanding schooling options, vibrant and cultural Main Street, large industry, employment options, walking paths and Lilydale Lake along with a number of sporting clubs and facilities. With all the cost and time-consuming work completed, eager developers can commence construction immediately. An absolute winner in design and locality, bring to life this contemporary vision and enjoy an enviable lifestyle amongst parks, shops, quality schools and public transport.