115 New Street

Ringwood VIC 3134

Sitting on a generous allotment of approx. 763 square metres, this character-filled weatherboard is one of the early homes of the area.The existing home features high ceilings, a living room with a built-in dresser, kitchen with meals area and gas upright stove, three bedrooms, one bedroom with a walk-in robe and one with a built-in desk, plus a bathroom with shower and bath.Additional features include gas heating and split system cooling, a lock up garage, laundry and garden shed.Though renovation is possible, the real attraction is the land with it's nearly 21m frontage and the potential to build either one or 2 standalone dwellings with no common property (STCA).The house can potentially be leased for holding income during the planning phase, or buyers may acquire the parcel for its long-term potential.The location reinforces the appeal. Eastland Shopping Centre is nearby, Ringwood and Heatherdale Stations offer metropolitan rail connectivity, and EastLink delivers easy arterial links. Ringwood Secondary College, is within zone, with Proclamation Park, Jubilee Park and Aquanation adding lifestyle convenience just moments away.Land with this mix of scale, flexibility and location is increasingly difficult to find in such an established pocket creating a sound foundation for growth and investment success.Terms: 10% deposit. Settlement: 30/60 days negotiable