Striking the perfect balance of position and potential, this comfortable home on 725sqm approx. calls on the astute builder or developer seeking a superb multi-dwelling site, moments from Deakin Uni (STCA). Offering potential to earn an income stream while plans and permits are obtained, the existing residence is currently leased and offers a versatile layout consisting of two robed bedrooms plus a third bedroom/family room. Set at the front of the home, a spacious lounge benefits from the appeal of an open fireplace and carpet underfoot, while the adjoining dining room flows over polished floorboards and connects through to the galley style kitchen. Stepping outside, a raised entertaining deck overlooks the backyard with an additional paved entertaining area and bungalow/storage room that faces out to the long side with gated street access. Furthermore, the home boasts a family bathroom with toilet, designated laundry, ducted heating, air conditioning, high ceilings plus excellent off-street parking. Nestled in a highly central location, close to Deakin Uni, Kingswood College, PLC, Roberts McCubbin Primary, Wattle Park, Box Hill Golf Course, Box Hill Central, trains, trams and buses with the Eastern Freeway only a short drive away.