Positioned on a substantial 1491m² (approx.) allotment in tightly held Black Hill, 506 Chisholm Street presents an exceptional opportunity for developers, land bankers and investors seeking scale, flexibility and future upside (STCA) in an established residential setting. With its generous frontage and expansive depth, this sizeable parcel offers exciting scope for subdivision or multi-dwelling redevelopment (STCA), capitalising on strong buyer demand for quality homes in this highly regarded pocket. The existing three-bedroom residence provides immediate holding income or comfortable occupancy while future plans are explored, adding further appeal for those looking to secure the site now and develop later. Showcasing timber floors and shiplap timber wall features, the home retains its original character and includes a functional kitchen and dining zone, central heating and split system cooling for year-round comfort. A large undercover deck overlooks the expansive backyard, while the substantial shed enhances the site's versatility for storage, trades or interim use during planning stages. It is the land component that truly defines this offering, with allotments of this scale becoming increasingly rare in established locations so close to the Ballarat CBD, schools, transport and everyday amenities. Whether you are considering a boutique townhouse development, potential subdivision or simply land banking in a proven growth corridor, this blue-chip parcel delivers genuine upside and long-term potential (STCA). Opportunities of this size and flexibility in Black Hill are few and far between, contact us today to discuss the development potential and arrange your inspection.