16 Rosa Street, Templestowe Lower VIC 3107

This type of property, located just five houses away from Macedon Square and with so much potential, is incredibly rare. It's therefore no exaggeration to declare this a once-in-a-lifetime opportunity, because that's exactly what this opportunity is.

Measuring an impressive 813sqm (approx.) with a fantastic 18.66m (approx.) wide frontage and coveted DDO8 zoning, it's a brilliant chance to develop something truly meaningful and substantial (STCA) in what is Templestowe Lower's best location. After all, not only is Macedon Square just a hop and a skip away, but so too are bus services that travel along High St and Manningham Medical Centre. Well-regarded schools are within very easy reach, as is Westfield Shoppingtown, Templestowe Village, Aquarena Leisure Centre, Yarra Valley Parklands, the Eastern Freeway and the Park + Ride facility.

The existing three-bedroom, two-bathroom, single-level home can also function as a smart rental whilst plans and permits are being approved, while there's scope to take full advantage of the wonderful polished timber floorboards underfoot, high ceilings and abundant natural light by renovating the blank canvas interior.

With so much potential, act quickly to secure this rare gem.