Currently rented out on a month by month lease, returning $1000 a week. Priceless redevelopment potential in a Hawthorn hot-spot, this comfortable BV home delivers a range of diverse lifestyle opportunities on some 426m2 just footsteps to Auburn village, trams, trains and Burwood Rd shopping. Perfectly functional, updated interiors provide for an easy live-in or lease-out scenario depending on your long-term plans for the 4 bedroom/2 bathroom home. Like so many of its kind in hotly-contested, high-exposure locations, this home will undoubtedly tempt developers with its Schedule 3 General Residential Zoning and scope for luxurious apartment/townhouse development capitalizing on potential to extend upwards to 10.5m (STCA). Whilst grand plans are being finalized, this neat home is ready to occupy with 4 spacious well-robed bedrooms, 2 immaculate bathrooms, modern open-plan kitchen/meals area and large loungeroom. Value-added extras include low-maintenance garden, good-sized laundry, ducted heating/cooling, security, external blinds, double carport and ample OSP. Endless options close to Auburn, Glenferrie and Camberwell precincts, Swinburne Uni, parklands and Melbourne's leading schools.