An exciting opportunity exists to make your mark & secure property in a highly sought after St Kilda location on a substantial 478m2* block of prime land. This versatile property with a generously proportioned single level period home & the added advantage of two self-contained units & a bungalow accessed via a right of way at the rear would suit a number of purposes. While liveable or rentable as is, this freestanding home also presents exciting scope to renovate, modernise & enhance or alternatively explore exciting redevelopment options (STCA) – the possibilities are endless. Currently being used as a share house with communal facilities, it includes a large living room, five good sized bedrooms, a functional spacious kitchen, central bathroom, separate laundry & large attic storage space. While securely located at the rear an elevated alfresco deck, bungalow/studio space with split system heating/cooling, large living/working space & a well appointed kitchen with plenty of storage & quality appliances (including dishwasher) as well as two self contained units, each comprising a bedroom, living room & kitchenette with shared externally accessed bathroom & laundry facilities, completes the accommodation. This unique property also features convenient ROW access with off street undercover parking for two cars & additional off street parking for another car at the front of the house. Perfectly positioned in a fabulous lifestyle location just a short stroll from trendy Carlisle & Acland Street’s shops, restaurants & cafes, close to transport, St Kilda Beach, Alma Park & Chapel Street. You couldn’t ask for a better position! *Approximate Title Dimensions.