Epitomising the real estate mantra "location, location, location," this classic family residence offers investors, renovators and developers a multitude of opportunities, whether it be to lease out, redevelop with multiple dwellings or subdivide and capitalise on the homes forward placement and extensive backyard (STCA).
Occupying a massive 1018sqm approx. allotment, the site rests in the Residential Growth Zone 1 (RGZ1) and promotes higher density living with a multi-unit development next door and a DD07 overlay in place (STCA).
The existing dwelling is well presented and boasts a functional floorplan that delivers a light filled lounge room with high ceilings and decorative cornices, leading through to an adjoining dining room and separate kitchen equipped with a 900mm gas cooktop and Westinghouse wall oven.
All three bedrooms are well proportioned and benefit from polished floorboards, serviced by a family bathroom, separate toilet and laundry that leads out onto the covered entertaining area and delightfully deep backyard.
Further enhanced by ducted heating, cooling, storage shed and detached single garage set towards the end of the long side driveway.
Positioned to present premium convenience, moments from Lilydale Train Station, Lillydale Lake and Playground, Lilydale Marketplace Shopping Centre, Main Street Lilydale shopping, cafes and restaurants, Victoria Road Primary School and Lilydale High School, with easy access to major road arterials and Eastlink.
The size of Lilydale is approximately 29.2 square kilometres. There are 23 parks, covering nearly 9.7% of the total area. The population of Lilydale in 2016 was 16531 people. By 2021 the population was 17348 showing a population growth of 4.9% in the area during that time. The predominant age group in Lilydale is 50-59 years. Households in Lilydale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lilydale work in a professional occupation.In 2021, 77.60% of the homes in Lilydale were owner-occupied compared with 76.10% in 2016.
Lilydale has 9,685 properties. Over the last 5 years, Houses in Lilydale have seen a 19.22% increase in median value, while Units have seen a 23.53% increase. As at 30 April 2026:
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