A unique and rewarding opportunity presents itself with this classic home, positioned within a leafy established street, with magnificent views, that has withstood the test of time and affords astute buyers a promising future ahead. Occupying a spacious 1013m2 (approx.) block, framed by a thriving front garden and a neat street appeal. This property presents an incredible opportunity for a full renovation to create a stunning contemporary home, redevelopment with a luxurious new home or even development (STCA). Perfectly comfortable and well preserved, the existing home basks in its original character, offers well-proportioned living and dining rooms with high ceilings. The master boasts an ensuite and double built in robes, whist the further two robed bedrooms are serviced by the original bathroom with shower, bathtub, and separate toilet. The kitchen is well equipped with plenty of bench space, breakfast bar, pantry and gas cooktop and oven. There is a large emphasis on living space between the generous lounge and separate meals area, all with stunning views of the tree tops and distant Yarra Valley, with convenient access points out on to the veranda to take them all in. Providing the bones for the ultimate family sanctuary, or proportions to develop on the outside, this property also features, gas ducted heating, dedicated laundry, double garage and further storage or workshop areas, and plenty of off-street parking. Offering position and potential, whatever you choose, this is a fantastic opportunity in this tightly held and very popular pocket of Lilydale. Well located, just a short stroll to Lilydale Main Street Train station, cafes, restaurants, shops and amenities along with quality primary and secondary schooling options. A short drive to Eastland, Eastlink and under an hour to the Melbourne CBD or in the other direction the delights of the Yarra Valley to explore on the weekends.