Situated in the highly sought-after precinct of Bulleen, 87 Helene Street offers immense untapped potential for its fortunate new owners. This original two-bedroom home presents an opportunity to capitalize on the expansive 649 sqm approx. land size and create a bespoke living space tailored to your unique vision. Presenting an opportunity for prospective buyers, this property comes complete with approved plans and permits for two , two-storey townhouses. Seamlessly combining convenience and innovation, With all the necessary approvals in place, envision the realisation of two thoughtfully designed townhouses, where contemporary aesthetics meet functionality, making this property a great investment for those seeking a development opportunity. Nestled in a beloved neighbourhood enclave adjacent to the scenic Yarra River, residents can relish in a host of lifestyle advantages. The area boasts stunning parklands, including the renowned Bulleen Golf Driving Range, Yarra Valley Country Club, Heide Museum of Modern Art, and the ever-popular Banksia Park dog park. Moreover, the convenience of multiple bus routes provides easy access to Burgundy Street's vibrant cafes, the Austin Hospital, Heidelberg train station, Marcellin College, prestigious private schools in Kew, and the bustling city centre. Embrace the potential that awaits in this prized Yarra-side location and create the home or investment of your dreams.