53 Norwood Road, Caulfield North

Perfectly positioned in a prized, family-friendly location close to elite schooling, this potential-rich 494 sqm (approx.) parcel of north-facing prime land represents an exciting investment or development opportunity with multiple possibilities. Currently housing an original solid brick Edwardian residence with a deep north-facing rear garden, the opportunities abound to take advantage of its preferred orientation to build something truly special (STCA). Alternatively, embrace the generous dimensions, high ceilings, original fireplaces and sash windows of the timeless three bedroom house and restore it to its former glory as many of the neighbours have done in the attractive tree-lined street. Or, completely transform it with a luxurious contemporary renovation and extension that overlooks and celebrates its beautiful rear garden. Whichever path you take, realise the investment opportunity by renting the house out while plans are finalised. Ideally located within easy reach of leading schools including King David and Melbourne and Caulfield Grammar, Alma village, Dandenong Road trams, Armadale Station, Malvern Central and High Street shopping, cafes and restaurants, this is a rare opportunity to build a dream lifestyle.