Providing limitless possibilities from its premier position only a short stroll from Eastland's shopping and entertainment precinct, this comfortable residence on 766sqm is certain to appeal to the astute builder or developer, with plans and permits already approved and awaiting action for two family-sized dwellings (STCA). Light filled and comfortable, the existing home is perfect for those seeking to add to their property portfolio or wishing to obtain an income whilst various tradespeople are enlisted. Currently leased month by month, the home comprises of two robed bedrooms, family bathroom, separate toilet, carpeted lounge room featuring a servery opening and breakfast bar that connects through to the functional kitchen and meals zone, laundry, gas heating, shed plus a single garage. Outlined in the approved plans, there are two double storey townhouses, each offering different layouts to ensure broad appeal is achieved. Townhouse one offers: five robed bedrooms, four ensuites plus a bathroom with toilet, powder room, laundry, open plan kitchen, living and dining room with island breakfast bench and butler's pantry/2nd kitchen plus a double garage. Townhouse two provides: six robed bedrooms, (two with ensuites and two with a shared ensuite), twin vanity bathroom with toilet, powder room, laundry, open plan kitchen, living and dining room with island breakfast bench and butler's pantry/2nd kitchen plus a double garage. Advantageously positioned in a location that enjoys a lifestyle of utmost convenience, within the Ringwood Secondary College zone, walking distance to Eastland Shopping Centre, Costco, Hoyts Cinemas, restaurants and cafes, Mullum Mullum Creek Trail, Ringwood Lake Park, buses and Ringwood Train Station, close to Mullum Primary School and Yarra Valley Grammar, with easy access to Eastlink.