THE PROPERTY
Set on a substantial 867 sqm (approx.) allotment, this Ringwood holding presents a compelling investment and development opportunity in a high-growth, high-demand location. The property comes with approved plans for four contemporary double-storey residences, offering an ideal mix for rental yield and resale flexibility. The proposed development comprises two three-bedroom residences, each with double garages, and two two-bedroom residences, each with single garages, a proven configuration designed to appeal to both owner-occupiers and tenants alike. The existing residence is warm, well maintained and move-in ready, offering three generous bedrooms, light-filled living and dining zones with polished timber floorboards, an updated kitchen and central bathroom, plus ducted heating and split system cooling. Outdoors, a spacious alfresco and established rear garden provide the perfect setting for family living, entertaining and everyday enjoyment. The site offers investors the ability to landbank, develop, or add immediate value in a location underpinned by strong buyer demand, transport connectivity and major retail infrastructure.
THE FEATURES
• Large 867 sqm (approx.) development site in a growth corridor
• Approved plans for four double-storey town residences
• Two three-bedroom homes with double garages
• Two two-bedroom homes with single garages
• Strong rental appeal through varied dwelling mix
• Existing dwelling provides holding income while planning or developing
• Located within a proven townhouse and medium-density pocket
• Excellent upside for investors, developers or SMSF buyers
THE LOCATION
Positioned moments from Ringwood's major activity hub, the site sits close to Eastland Shopping Centre, Ringwood Square, Costco and an extensive café and dining precinct. Well serviced by Ringwood and Heatherdale train stations, multiple bus routes and seamless access to EastLink, the location ensures strong tenant demand and long-term capital growth. Zoned to Great Ryrie Primary, Ringwood Secondary College and surrounded by parks and reserves, this is a location investors consistently target for both yield and appreciation.
