An expansive allotment of land measuring 911m2 (approx.) presents a fantastic chance for investors and developers alike. The real selling point about this particular property is the council endorsed plans and permits that are available, consisting of three double storey town houses. The front home featuring four bedrooms plus a study and two bathrooms and a double garage, the following two are permitted to include three bedrooms, two bathrooms and a double garage. The original weather board home is of substantial size and may be restored to its former glory or utilized for collecting rent whilst organising the building process. In leafy surrounds, this block is perfectly positioned in a street that is seeing increasing quality development with younger families and downsizers wanting to position themselves in this popular location, leaving this as an investment with great future potential. From this outstanding location you will enjoy the close proximity of the Lilydale main street shops, walking distance to the train station and buses and short distances to quality primary and high schools.