1 Ironbark Drive, Templestowe Lower VIC 3107

With an excellent 713sqm (approx.) allotment at your disposal in a sought-after location right in the heart of Templestowe Lower, this potential-rich four-bedroom home represents outstanding value for the buyer with vision.

The potential to develop multiple dwellings (STCA) on such a prized piece of real estate that's only a short walk to trendy Macedon Square, Aquarena Leisure Centre, Crawford Reserve, transportation and Manningham Medical Centre and minutes to Westfield Shoppingtown, well-regarded schools and the Eastern Freeway will prove tempting in the eyes of the developer.

For the homebuyer motivated by DIY tasks, it's also a fantastic opportunity to transform the existing home into a contemporary stunner with stylish renovations throughout.

Boasting multiple living areas, central alfresco entertaining, sun room with spa and a separate study that offers the flexibility of a fifth bedroom option, the single-level home could also be leased whilst plans and permits are being approved.

Whatever your grand vision is for this blank canvas, act quickly to ensure it's the one that sees the light of day.