Positioned just moments from buzzing Chapel Street in the heart of Prahran lies this three bedroom abode on a generous 200 sqm (approx.) allotment, presenting an opportunity for a full scale renovation to restore the period dwelling to its former glory or to design and build a contemporary home (STCA). With an array of Melbourne's finest cafes, restaurant and bars, plus designer boutiques and ample amenities such as the Flying Duck, Princes Gardens and Prahran Aquatic Centre in close proximity, the residence promises a cosmopolitan lifestyle for an owner occupier, or a secure investment in a lucrative pocket for an astute investor. Existing accommodation includes three generous bedrooms, bathroom, living/dining area, kitchen, and outdoor laundry. An unexpectedly large backyard exhibits potential for a garden oasis and features rear access via Bella Street. The area is well serviced by public transport with both Prahran and Hawksburn stations nearby, as well as trams and buses providing direct access to the CBD.