This classic Mooroolbark residence set on a generous 851m2 allotment offers a world of opportunities for the savvy developer, renovator, or investor. A General Residential 1 site with a design and development 8 overlay, there is scope for development into 4 units (STCA), with immediate rental return available whilst you plan your next move. The existing residence is neat and clean, with many original features, comprising a light-filled lounge/dining with gas fire, adjoining kitchen/diner with gas cooking and garden view, 3 good-sized bedrooms (2 with built-in robes), central bathroom with separate WC, and full-sized laundry. The large rear garden is fully fenced and provides a near blank canvas of lawn to work with. Additional features include air conditioner, 2 garden sheds, single garage, and driveway access to the rear of the block. A short walk to Mooroolbark shops, train station, schools, and parklands – this is an opportunity that cannot be overlooked.