7 Rita St, Preston VIC

There's the location. There's the sizeable 580sqm (approx.) allotment. And there's the blank canvas. All that's required is your vision to transform this potential-laden property into a sparkling gem by developing a multi-unit site or building that dream home (STCA) within a hop and a skip of Northland Shopping Centre, schools and transport.

Original in appearance, this red clinker brick home that offers three spacious bedrooms, large living, open kitchen and a huge backyard is also a renovator's dream, encouraging creative types to dust off their overalls and roll up their sleeves to transform this home into a contemporary classic.

Locations to execute such a vision seldom get any better, either. Depending on your aim, you could probably hit Northland Shopping Centre with a stone from the front door, such is the home's fantastic positioning. Public transport options also reside within walking distance, so too does Preston North East Primary School, Northland Kinder Haven, nearby parks and the Darebin Creek Trail.

Be the one who capitalises on this outstanding opportunity.