Great opportunity to grow your rental portfolio as well as develop the rear of this fabulous 1261 sqm block (approx.) in central Lilydale. The existing home is spacious and comprises three airy bedrooms, three living areas, two bathrooms, Blackwood kitchen and ducted heating. Application pending for two additional dwellings at the rear (STCA). Situated in a great location close to all facilities, this property is highly recommended for the astute investor.