This amazing low-risk development opportunity simply will not last! Perfectly positioned in one of Edithvale's quiet streets is this original home on a 740m2 parcel of land – complete with endorsed plans for a large double-storey townhouse at the rear of the block! This gem is perfect for a developer looking for their next project, an investor seeking future potential, or even a family in search of a home to customise to their own needs! The existing home features spacious kitchen and dining area, plus large formal living area with lovely original timber flooring. Three good-sized bedrooms and two bathrooms, plus oversized garage and backyard. The proposed 19-square rear townhouse will feature: - Open-plan kitchen, living and dining area seamlessly flowing out to the large courtyard. - Master bedroom ideally located downstairs, featuring walk-in wardrobe and ensuite. A further two spacious bedrooms upstairs, plus family bathroom and second living area. - The home will be complete with a full laundry and double lock-up garage. Estimated sale prices: - UNIT 1: Estimated sale price upon updates and subdivision: $875,000. - UNIT 2: Estimated sale price upon completion: $1,050,000. Use existing plans for an easy risk-free development, or alternatively rent the home out for $480-$500 per week while you submit new plans to council, then build two large side-by-side townhouses! This property is in a highly-desirable location; a stone's throw to local amenities such as Edithvale Recreation Reserve, wetlands and walking/cycling tracks, plus popular cafés, shops and schools. An easy 10-15 min stroll will also take you to Edithvale Beach & train station! Please contact our team for further information including plans.