23 Serpells Road, Templestowe VIC 3106

Combine a prestigious address with an excellent 978sqm (approx.) allotment and coveted DDO8 zoning and what you have are the key ingredients required for your recipe of development success (STCA)!

Only a short stroll to bus services, popular Templestowe Village shops and cafes and Templestowe Leisure Centre, not to mention excellent access to the Eastern Freeway, scenic parkland and Westfield Shoppingtown, it's a tough ask to find an address better suited to your grand development plans (STCA).

Currently occupying the prized allotment is a charm-filled single-level residence, dressed with the character of a bygone era yet presented in such excellent condition it could be lived in now until the time is right to develop (STCA) or leased to generate a passive income stream whilst plans and permits are being approved.

For the homebuyer deciding to call it home, be dazzled by an elegant formal lounge with polished timber floorboards and a pleasant front garden outlook. A calming view of the picturesque backyard also provides visual appeal to the peaceful family living, while those with an appreciation of the past will fall head over heels for the retro kitchen that's perfectly serviceable from an investor's standpoint.

Bedrooms are zoned in privacy and serviced by an original family bathroom, while split-system heating and cooling offers modern comfort.