Building size: 100 m2
$1,100,000 - $1,200,000
This is the development site savvy builders have been waiting for. This single-level brick home sits on a substantial allotment of approximately 878 sqm offering exceptional scope for multi-property development (STCA). In a tightly held pocket where similar-sized blocks have supported three-unit projects, this represents a prime opportunity to capitalise on proven demand in one of Ringwood East's most strategic growth corridors.
The existing residence is solid and lettable, featuring a light-filled living room with split-system air conditioning, kitchen and meals area, two bedrooms, and two bathrooms. A rear deck opens to a deep backyard that's primed for transformation. While you work through plans and permits, the home provides reliable rental income and complete flexibility for staging your development, keeping your project cash-positive from day one.
Developers will immediately recognise the strategic advantage of this location. Ringwood East Station, cafรฉs, and everyday shopping along Railway Avenue are all within easy walking distance. Eastland, Costco and EastLink access are minutes away, ensuring seamless connectivity to the CBD, Yarra Valley and Dandenong Ranges. With premium surrounding schools including Tintern Grammar, Ringwood Secondary College and Eastwood Primary, this blue-chip pocket continues to attract strong buyer interest for quality multi-townhouse developments. Sites like this rarely come to market. When they do, decisive developers move fast.
Noel Jones Real Estate has taken every precaution to ensure the information contained herein is true and accurate, however accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
Features
Building size: 100 m2
Land size: 878 m2
Split System Air Con
Floorplans and Virtual Tours
Statement of Information