3 Caloola Avenue, Oakleigh, Vic 3166

Only on the rarest occasion does an allotment offering such dramatic dimensions and irresistible potential become available in such a rewarding context as this sought after lifestyle cul-de-sac. Privately nestled beyond a high-fenced frontage, this stunning c1929 Art Deco residence delivers enormous scope to update as a stylish family sanctuary, rebuild a luxury new home or redevelop with multiple townhouses (STCA). The beautiful single level spaces of the current 3 bedroom, 1 bathroom home include elaborate ceiling roses, timber floors, traditional lounge and dining rooms, pristine kitchen overlooking a family/meals area, powder room, GDH, split system AC and SLUG/studio. The impact of the north rear aspect, the depth of the expansive allotment (890m2 approx) and enormous possibilities dominates first impressions, whilst the abundant space to park cars highlights the size of the land, the scale of the project - and the prospects for future returns, in terms of either family lifestyle allure or investment/development appeal. A one-of-a-kind opportunity, situated in Oakleigh's first established street, a walk to Chadstone shopping centre, parklands, Oakleigh shopping precinct and various transport options.

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