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28 Burwood Avenue
Ringwood, VIC 3134
Buy One Or Two $1,000,000 - $1,100,000
Overview
Strong Existing Improvements with Development Upside
This property presents an exceptional opportunity to acquire one or both homes located within Ringwood's highly sought-after Activity Centre Zone (ACZ1). Together, the two dwellings occupy approximately 1,392 square meters of land, offering significant investment potential and development possibilities, subject to council approval (STCA).
Situated in the desirable Ringwood Secondary Zone (STSA), both homes are currently leased on flexible month-to-month rental agreements, providing immediate income while allowing for future development plans.
The first dwelling, located at number 26, features three bedrooms, a laundry, a lounge room complete with an open fireplace, a central meals area, a kitchen, and a pergola ideal for outdoor living. This home is set on approximately 691 square meters of land.
The second dwelling, at number 28, occupies a slightly larger parcel of land measuring approximately 701 square meters. It comprises two bedrooms, a lounge, a combined kitchen and dining area, and generous outdoor spaces that enhance the living experience.
The location benefits from a suburb that has experienced substantial growth and offers excellent amenities. Nearby educational institutions include Ringwood Heights Primary School, Ringwood Secondary College, and Aquinas College, catering to families seeking quality schooling options.
Convenience is further enhanced by proximity to major shopping destinations such as Eastland Shopping Centre, Costco, and Ringwood Square shops. Transport options are plentiful with Ringwood Train Station nearby, along with a variety of restaurants, parklands, and walking trails. The EastLink Freeway provides easy access to broader Melbourne regions.
This property is ideal for investors or developers looking to capitalize on the strong existing improvements combined with the potential for future development in a prime location.
Please note that photo identification is required for all open inspections.
Location
Ringwood VIC 3134
Market Insights for Ringwood VIC 3134
Other properties in this postcode
Auction ( $450,000 - $495,000)
4/10 Barkly Street, Ringwood VIC 3134
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