If you are looking for options and opportunities, look no further. Whether you are a family looking for a great family home, a keen investor looking for an amazing investment opportunity or a developer/builder looking for outstanding value and development potential, this property has it all. An immaculately presented and well-maintained home in the heart of Springvale offers a multitude of options for any discerning buyer. Situated on a large block of prime development land, this 738m2 approx property comes with fully council approved Plans & Permits and ready Working Building Drawings for three stunning architect-designed townhouses. This fantastic project is ready – commence at your convenience! The existing home offers a bright, spacious lounge with polished hard wood timber floors, sunlit kitchen with meals area, a cosy and welcoming retreat, as well as three double bedrooms, two bathrooms and toilets, gas heating and air conditioning. A huge under cover pergola entertainment area with outdoor cooking facilities connected to natural gas opens into a beautiful, secluded rear garden, allowing you to entertain and relax in style. There is also a large double lock up garage with the ability to drive through to the back. The real stand out feature of this property is the additional accommodation offered by a fully self-contained, free-standing bungalow with its own driveway entrance. Fully insulated for heat and sound, offering spacious living area, beautiful oak timber kitchen with built-in bar and dishwasher, bathroom, separate bedroom and study, heating and cooling, as well as direct access to the rear garden and pergola. Suitable for a couple or a single person looking for privacy, this wonderful space can be rented out separately or shared accommodation with a family member. Both the main home and the bungalow are currently rented to long-term, stable tenants, bringing fantastic income for an astute investor. Nestled in a prime pocket of Springvale just 2 minutes walk to Springvale Junction Shopping Centre, with everything at your convenience, including Coles Supermarket, pharmacy, and numerous restaurants & shops. Easy access to local schools and kindergartens, multiple public transport options nearby, as well as highways and all major amenities. Just a stone’s throw by car or bus to Springvale Central, Springvale train station, Springvale Home Maker Centre, the new M-City complex with multiple shops and restaurants and Village Cinemas. A short drive to Monash University Clayton, Chadstone Shopping Centre and Glen Waverley Shopping Centre. Take advantage of the multiple opportunities that this amazing home presents. The Choice is Yours!