1 Colchester Drive, Doncaster East, Vic 3109

Enjoying a premier Doncaster East location and an excellent 759sqm (approx.) allotment, the key ingredients are there to generate maximum returns from this potential-rich property.

The sizeable nature of the block lends itself perfectly for subdivision, granting the astute buyer the freedom to build multiple Townhouses (STCA) in a first-class setting within a short walk to Donburn Primary School, Tunstall Square shops, the trendy Donburn shopping strip, Devon Plaza and bus transportation.

Whilst development appears the obvious destiny of this exciting property, the existing three-bedroom home can also fulfill a role as a smart rental (particularly whilst plans and permits are being approved) or comfortable home for the young family keen to live in a beautiful tree-lined street in one of the area's best pockets.

Polished timber floorboards flow beneath the wonderful high ceilings, while loads of light filtered through the collection of large windows produces a radiant appearance.

Size and space are hallmarks of the neighbouring lounge and dining, while a well-appointed kitchen is perfectly serviceable from an investor's standpoint.

For the buyer with vision, take advantage of the rear deck that overlooks the blank canvas backyard by creating the outdoor haven you've always craved, and in a further boost for family living, bedrooms are zoned for your comfort and serviced by a central family bathroom.

With so much appeal, an inspection is a must.