Peacefully positioned in a tranquil court location, this neatly presented home presents an exciting opportunity for first home buyers, investors or developers seeking to move in, modernize or renew, with prospects to retain the existing home and build to the rear on its outstanding 924sqm approx. allotment (STCA). Awash with natural light, the inviting lounge room offers a wonderful introduction to the home and is complemented by a separate kitchen and meals zone equipped with a 900mm stainless steel oven/gas cooktop and excellent cupboard space. Set at the front of the home, the master bedroom offers the convenience of built-in-robes, while the two additional robed bedrooms are cleverly linked together, making them ideal for those with children. A central bathroom equipped with large shower, full-sized laundry with built-in-desk plus a separate toilet serve the family's needs. Stepping outside, a covered deck provides the perfect space to set up the BBQ and entertain with family and friends, accompanied by a glorious backyard where dreams of development, subdivision or extending can be pursued (STCA). A separate two-room workshop/mancave/office provides additional appeal, while extra highlights include high ceilings, split system heating/air conditioning, garden shed plus excellent driveway parking. Superbly situated, moments from Lillydale Lake, tranquil walking trails, playgrounds, Lilydale Primary School, Yarra Hills Secondary College, Lilydale High School, Mount Lilydale Mercy College, Lilydale Marketplace, Lilydale Village Shopping Centre, cafes and restaurants, local bus services plus Lilydale Train Station.