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5 Patterson Street, RINGWOOD EAST

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Sold $945,000

Prime Redevelopment Opportunity

A rare piece of property gold, this prime 865sqm approx. parcel delivers unprecedented redevelopment opportunity, in one of the best lifestyle locations Ringwood East has to offer. Situated towards the end of a no through road, it contains direct access to Heathmont Rail and Mullum Mullum Creek Trail, Ringwood Lake, Ringwood East Train Station, shops and cafes. Boasting close proximity to Tintern Grammar, Aquinas and Ringwood Secondary College (zone), Eastwood and Our Lady’s Primary Schools, Eastland and the EastLink freeway.
Ready to be brought into a new era, the current residence is the ideal candidate for redevelopment, made easy by its weatherboard construction. A striking modern-day creation or several new units/townhouses would fit in seamlessly amidst its urban location, with the destiny of the block only limited by your imagination (STCA). In largely original condition, you may opt to renovate/restore the existing home, with its floorplan consisting of a kitchen with meals area, formal lounge and dining, two bedrooms, one bathroom, heating, air conditioning, laundry plus a sunroom/extra accommodation.
Outside, it hosts a single garage, veggie patch plus an expansive backyard that only emphasizes the block’s full potential. With the options plentiful and the position incredible, you can move in or lease out the property today, while you map out your plans for tomorrow.

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Sold Date

Sat 09th Dec 2017