An exciting opportunity presents itself here for the savvy investor looking to enter market or add to their portfolio. This property is located just minutes to Stockland Wendouree shopping centre, primary and high schools, and the Wendouree train station. An existing three bedroom home sits on this generous 794m2 (approx.) allotment, which is currently enjoying a rental return of $180 per week. This existing home is a great way to maintain a rental income while moving ahead with the approved development plans. Approved are plans for 3 x 2 bedroom townhouses, meaning a lot of the hard work has already been done for the potential buyer. These plans offer fantastic future growth as either rental investments or future sales. This is a perfect opportunity for anyone looking to get into real estate development, or a perfect project to add to the experienced investor's portfolio. Call the exclusive listing agent Dominic Morrison on 0409 557 461 to view planning permit and drawings!