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Overview
Spanning approximately 2,003 square metres, this vacant land offers a rare and valuable opportunity to build a bespoke residence or undertake expansive landscaping in one of Ringwood East's most desirable locations.
Boasting the appeal of dual street frontages, the property provides exceptional flexibility in design and access, enhancing future planning possibilities such as establishing a separate entrance or multiple zones for residential or recreational use.
Situated within comfortable walking distance to local parks and the vibrant retail and dining spots of Cheong Park and Playground, this land promises a lifestyle that blends tranquility with community convenience.
Its prime placement near key amenities including The Ringwood East Train Station, Eastwood Primary School, and various shopping and dining venues contributes significantly to its attractiveness, supporting a high quality of life for potential homeowners.
This sizable parcel is well suited to buyers seeking a spacious canvas to create a personalized family compound, those considering a project with development potential, or investors looking to capitalize on a rare offering in a tightly held precinct.
Local Market Insights
In Melbourne - Outer East, Quiet Listings observed 10 new parcels of land entering the market over the last 30 days, down from 21 during the previous 30-day period, with an average advertised asking price of $677,900. The property type mix of listed properties is predominantly Houses at 65%, followed by units (14%), and townhouses (11%). The most active agency for land in the Melbourne - Outer East area is currently Ray White, representing 30% of new listings, followed by Area Specialist with 20%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Market Insights for Ringwood East VIC 3135
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