SOLD BY DENNIS LIM, RAY WHITE CROYDON, 0488 488 360 - Prospects are aplenty for astute investors, developers and own builders alike with this 1943m2 property located in a much sought after location of Ringwood.
With potential for subdivision for four or more (STCA) this near half acre property is a blank canvas. Perhaps you're or a developer looking for the right investment, a family looking for a large property to build your dream home, or two families wanting to halve the block and build next to each other (choose your own neighbours!) Whatever your story this property is ripe for the picking.
Located on tree lined court, this gently sloping block with views of the Dandenong's comprises a beautiful oak tree, two sheds, a bungalow and the original dwelling that has been the home of the one family for decades.
With some initial repairs the two bedroom weatherboard home with lounge, meals area, kitchen and bathroom has the potential to earn a rental return of $300-$350 per week. Definitely the perfect earner as you wait for your plans to be developed and approved.
Within close distance of a smorgasbord of private and public schools (Norwood Secondary around the corner), the newly developed Eastland (a shopping mecca!), Eastlink, public transport, sporting and recreational facilities and all that you will ever need. Whether its a stroll down Mullum Mullum Creek, or up the street to local favorite Leaf & Vine, the property is right amongst it all but secluded in a lovely quiet no through road.
Inspect now and start planning today!
