80 Castella Street, Lilydale VIC 3140

In a wide, peaceful, tree lined street in central Lilydale location 10 minutes? walk from Lilydale Railway Station, and with RGZ1 DDO7 zoning, this great property has much to offer families, investors and developers alike. The 4-bedroom Federation weatherboard home has a flexible floor plan which lends itself to dual accommodation if needed, 2 kitchens and lots of original character features and old world charm including pressed metal ceilings and Baltic pine flooring. In addition, there is a one bedroom self-contained unit at the rear that is also suitable for the elderly or disabled. The unit is wheelchair friendly with a hydraulic lift. Set on a sizeable and sought after allotment of 1015m2 this original character residence offers amazing options and potential including invest, rent out and collect a great rental return, live in as is, renovate/extend, or remove and relocate the home and develop the land into a multi-unit site (subject to council approval) in a premium location. A short walk to shops, in excellent proximity to Lilydale Public and Private Primary & Secondary Schools, Secondary College and public transport. The property has a potential rental return of approximately $3,000 per month.