Positioned on a 1221sqm (approx.) block with a northern front, this outstanding 5 bedroom, 2 bathroom home is the ultimate residential combination which allows for you to live in the well-presented property while also taking on your development dreams! This amazing Vermont prospect is truly the best of both worlds. The wonderful residence itself is primed to be lived and enjoyed by families. However, you also have the chance to subdivide the large block and build potential townhouses or a luxury family home next to your residence (STCA). So you get to live in the dwelling while also developing part of the block at the side! The home itself offers an abundance of highlights including quality timber flooring, spacious lounge and dining, functional kitchen with servery to dining zone as well as views down to the rear garden and quality appliances including a stainless steel dishwasher, master bedroom with WIR and ensuite and others well-proportioned bedrooms with BIRs, quality bathroom, and a 5th downstairs bedroom or generous rumpus/games room with outdoor access. The property also features great outdoor features including an expansive rear garden with studio/hobby room and storage room, pergola courtyard, and elevated patio deck, while you also get to enjoy a laundry with storage space, heating and cooling, under house storage room, double carport, and additional off-street parking options. In the Vermont Secondary College and Vermont Primary School zones, and near Brentford Square Shopping Centre, Forest Hill Chase Shopping Centre, Eastland Shopping Centre, Buckanbe Park, Simpson Park, Heatherdale Reserve, Campbells Croft Reserve, 738, 740, and 742 buses (taking you to Mitcham, Knox, Oakleigh, Chadstone S.C), Mitcham Train Station, Heatherdale Train Station, and Eastlink.