This gracious and charming Gentleman's Bungalow is situated on a huge land holding of approx. 1,411sqm in the premiere leafy Eastern Suburb location of Leabrook.

Offering a rare opportunity to update, extend and create an executive abode, the property also has development approval to demolish, subdivide and build two modern architectural luxury residences in a coveted area in which heritage restrictions often prevent such projects.

Boasting an impressive street presence, the gracious C.1927 Gentleman's Bungalow is filled with character features such as soaring ceiling heights, lead-lighting, a charming sandstone facade, glazed tile fireplaces, and ornate architraves, skirting boards and cornicing, while boasting 5 spacious BR's (Master with WIR and ensuite), 2 bathrooms and garaging for two.

A large modern extension floored in luxurious timber parquetry contains the kitchen and rumpus room, with direct access to a huge rear yard which has ample space for an undercover alfresco area, swimming pool and potential to further extend the original residence while still maintaining space for a generous backyard.

Located within walking distance to the Maryatville Shopping Centure, the home is in close proximity to the Norwood Parade shopping, restaurant and cafe district, elite private schools Pembroke and Loreto and a short approx. 10 minute drive to the CBD.

Offering astute purchasers the incredibly rare opportunity and flexibility to extend, update and create a grand residence, or develop and prosper, 32 Godfrey Terrace awaits the next custodian of it's important legacy.