$800,000 - $880,000

Offered strictly in its current "as is" condition, this substantial 1,001sqm approx. corner allotment presents an outstanding opportunity for developers, builders and investors looking for a site with genuine future potential in a highly sought-after location. The existing two-level brick residence is in poor condition and requires major renovation, making this property primarily a development opportunity rather than a conventional home purchase. The existing dwelling comprises four bedrooms, two bathrooms and three living areas, but prospective purchasers should be prepared for extensive works if choosing to retain the home. The real attraction lies in the large corner block, generous landholding and development possibilities. Subject to council approval and the usual planning requirements, the site provides the potential to remove the existing dwelling and create up to three new residences, with the corner position offering excellent scope for a considered multi-unit design and individual street frontage (STCA). Positioned within easy reach of Chirnside Park Shopping Centre, Lilydale Railway Station, Lilydale Main Street, Lilydale Lake, Gardiners Run Golf Course, Rolling Hills Primary School and Mooroolbark Secondary College, the location provides the fundamentals developers look for. This is not a property for the faint-hearted or those seeking a move-in-ready home. The existing residence requires significant renovation or demolition. The opportunity is in the land.