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Location

Market Insights for Ringwood VIC 3134

New Listings (last 30 days)

Average price

$1,134,000

Lowest price

$680,000

Highest price

$1,750,000

62 Mullum Mullum Road, Ringwood VIC 3134

$1,650,000 - $1,750,000

Search Band

$1.65M - $1.73M Transparent Based on an openly advertised listing price.

House 5 beds 5 baths 4 cars 1456 m²

Listed: 2 days ago

Overview

This substantial 1,456 square meter allotment presents a rare development opportunity in a tranquil setting bordering Mullum Mullum Reserve. It offers the unique advantage of direct parkland access, creating an environment where greenery and privacy are seamlessly integrated into the living experience.

The approved plans cater for five contemporary residences designed with thoughtful attention to family living and modern conveniences. These include two larger four-bedroom, three-bathroom homes alongside three three-bedroom, two-bathroom residences. All feature double garages and elevated designs that maximize treetop and parkland views, providing a serene outlook unusual for townhouse developments.

Living spaces emphasize open-plan layouts fostering connectedness and functionality, with upper-level rumpus rooms adding versatility for family activities or quiet retreats. Balconies and first-floor outdoor areas are strategically positioned to capture natural light and the calming greenery of the reserve, enhancing residents' connection to nature.

Careful inclusion of walk-in robes, ensuites, powder rooms, and ample storage reflects a focus on convenience and comfort. Meanwhile, private outdoor spaces further extend the usable living area, offering opportunities for relaxation and entertaining in peaceful surroundings.

Currently, the property includes a single-level four-bedroom, four-bathroom home with generous living and dining areas, a well-appointed island kitchen, wood fire, a separate granny flat, and extensive parking with a four-car garage plus an additional carport. This existing residence provides comfortable accommodation during development or potential rental income.

Location is another notable strength, with proximity to Eastland Shopping Centre, Ringwood Station, Ringwood Lake Park, and East Ringwood Reserve. Desirable school zones including Mullum Primary and Norwood Secondary College further enhance the property's appeal for families considering either redevelopment or residence. This site balances development potential with lifestyle benefits, making it an exceptional opportunity to build distinctive modern homes in a sought-after area.

Local Market Insights

In Ringwood, Quiet Listings observed 25 new houses entering the market over the last 30 days, up from 21 during the previous 30-day period, with an average advertised asking price of $1,134,000. The property type mix of listed properties is predominantly Houses at 50%, followed by townhouses (16%), and units (14%). The most active agency for houses in the Ringwood area is currently Hoskins Real Estate, representing 20% of new listings, followed by Jellis Craig 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.