An exciting & rare opportunity for investor /developers to secure classic period home set on a large 970 sq.m corner block, 2 street frontages. Located in a popular, central location that is prime for a townhouse development (STCA). With schools, shopping, bars & cafes all within a short stroll, the development potential presents an opportunity that is currently missing from the Ararat market. The house retains many period features that include beautiful lead light windows, decorative 10' ceilings, French doors & more. With 3 good size bedrooms, good size lounge, oil heating, combined bathroom/ laundry plus a flexible floorplan that would allow a new owner reinstate the old bathroom into an ensuite. Value added extra features are the double carport and a bungalow for extra accommodation/ storage.