Nestled on a generous 878 square metre block, this property presents a prime opportunity for developers or renovation enthusiasts alike. With fantastic potential to renovate, extend, or pursue redevelopment (STCA), this residence offers a canvas brimming with possibilities. The interior of the home is spacious and thoughtfully divided, offering a total of five bedrooms and three bathrooms. Upstairs, you'll find four generously sized bedrooms, each exuding comfort and style. The master bedroom is a true retreat, featuring an en-suite bathroom and a walk-in robe, providing ample storage space. Additionally, there are two separate living zones, providing versatility and privacy for family members or guests. The central kitchen serves as the heart of the home, equipped with modern amenities and ample counter space for meal preparation. A standout feature of the property is the expansive outdoor deck, boasting panoramic views over Lilydale and the picturesque Yarra Valley. This outdoor space presents an opportunity for enhancement or expansion to create an impressive entertainment area or alfresco retreat. Downstairs, the accommodations continue to impress with another living zone, a large bedroom, a bathroom, and additional kitchen facilities. This layout provides flexibility and convenience, making it ideal for accommodating an elderly parent or family member who may prefer single-level living or greater independence. Outside, the property offers ample parking options, including a large double carport, a spacious double lock-up garage, and additional off-street parking for a variety of vehicles. In summary, this property offers a tantalising prospect for developers or renovation enthusiasts seeking a project with scope for transformation. With its spacious layout, outdoor potential, and ample parking, this residence presents an enticing opportunity to create a bespoke home or pursue redevelopment (STCA). To explore the full potential of this property, an inspection is essential.