4 Sutherland Street, Hadfield VIC 3046

There's tightly held and then there are properties so simply loved - and valued - they have never come onto the market, like this this original three-bedroom, one-bathroom weatherboard classic that's been in the one family for almost 65 years and is now for sale for the first time.

Sited on a large 642sqm (approx.) block with a fantastic 16m (approx.) wide frontage and loads of off-street parking, it'll certainly catch the eye of every buyer with an eye for value, from the owner-renovator to developer (STCA).

Number 4 in Sutherland Street is a bona fide original, which has been lovingly maintained in tip-top condition by its long-term owners and is now ripe for a total remake.

Inside, the single-level floorplan comprising an elegant lounge with gas heating and air-conditioning, well-appointed kitchen, carpeted bedrooms and ducted heating works beautifully, drawing you deeper into the home and then out the back door to soak up the space, which could easily accommodated a generous extension or additional dwelling for your nest egg (STCA). But why build just the one unit when you wipe the slate clean, extract maximum value from the block and build a collection of luxury townhouses (STCA).

Complementing this value-packed home is the convenience-laden location, which is close to West Street shops, bus services, Glenroy and Fawkner train stations, the Western Ring Road/Citylink and local schools.

If you do miss out, don't be surprised if the next sale of the century might be another 50 years away…