Good foundations never go out of fashion, especially in prime Parnell.

On a sprawling 612m2 landholding on one of the coveted side streets off the western side of Gladstone Road lies this opportunity of uncommon scale.

Tightly held within the same family since the 1970s, this residence surrounded by established gardens offers near-unlimited potential for a buyer with vision.

The home has been well loved with many original details still in place. Its three generous bedrooms still have board and batten ceilings, while the living room is incredibly spacious and with ornate fireplaces left untouched. A bathroom and kitchen lie beyond, along with a sunny office.

Step out to north-facing decking with views across to the city, before making your way down to the substantial gardens, with sheds in place and plenty of room to add your dream pool and cabana for summer.

Beneath the home is an abundance of storage and a workshop - just a few of the additional details that make this property so attractive for those looking for a project with incredible scope.

In Double Grammar Zone and walking distance to Parnell School, the Gladstone Road shops, Rosie Café, Rose Gardens and Parnell’s dining and retail, it also places you just minutes from Newmarket and the CBD in either direction.

Opportunities to purchase a flat north facing double site in Parnell are almost unheard of, especially one with off street parking for multiple vehicles.

Call your architect and start making plans to take this home to the next level, because the possibilities here are substantial.

The end of an era - for definite sale. This is the rarest of them all.