LOCATION LOCATION is everything when looking for good capital growth. This property has it all and is a development WINNER. 27km se of Melbourne CBD, you can walk to either Mordialloc or Aspendale railway stations, 2 minute walk to Laura Street shops, walk to two local schools and best of all only 5 MINUTE WALK TO beautiful ASPENDALE BEACH. Mordialloc is fast developing into a chic trendy beachside precinct and 2 minutes drive away. This property is now getting surrounded by new luxury townhouses and falls within ZONE 1 of the City of Kingston Planning Area. The house can also be lived in or rented while your development plans are being implemented.