Located in the popular suburb of Ballarat East, just minutes from the Ballarat CBD, is this neat cottage with approved plans for renovation and development on the large quarter of an acre (approx.) allotment. The existing home consists of three spacious bedrooms, a central bathroom, a practical kitchen, and a large living room with a gas heater. This home is ready for an owner occupier or to keep the tenants in place for extra income while proceeding with the development. With the plans already drawn up and approved, a lot of the hard work has already been done. The eager investor can purchase and get to work straight away. The plans see the existing home being renovated into a modern two bedroom, two bathroom house. Behind the house are plans for a further two townhouses, both of which will feature three bedrooms and two bathrooms. The future earning potential on this property is very high, which should catch the eye for the savvy investor waiting for the right opportunity. This one will not last long on the market, call the exclusive listing agent Dominic Morrison on 0409 557 461 today!