Property Details for 16 Oban Rd, Ringwood
16 Oban Rd, Ringwood is a 3 bedroom, 1 bathroom House with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in October 2016.
Last Listing description (October 2016)
Rare Dwelling/Shop Front on Prime 1012sqm
A unique opportunity presents itself for investors or developers with the offering of this residential dwelling with shop front, creating a significant value added proposition for those seeking a high yield investment or future redevelopment site on 1012sqm approx. (STCA). Currently leased on a 3x3x3 year basis by the well patronized Oban Pizza and Takeaway Food outlet, returning $22,308p.a. The premises offers a three bedroom residence accompanied by a bathroom, laundry, kitchen/meals and separate living room. While the shop front features a kitchen/meal preparation zone, pizzeria and adjoining takeaway food store. Accessed via a side driveway and extending well back to the adjoining Peter Vergers Reserve, the large backyard generates an enticing argument for future development, if desired (STCA). In a prime position, close to Melba College, Eastland Shopping Centre, parkland, buses, Mullum Mullum Creek Trail and EastLink Freeway.
For Due Diligence Checklist - see Consumer Affair Website - www.consumer.vic.gov.au/?duediligencechecklist
Property History for 16 Oban Rd, Ringwood, VIC 3134
- 21 Oct 2016Sold for $950,000
- 20 Jun 2016Listed for Sale Fixed Price $940,000
- 28 May 2012Listed for Sale $550,000 PLUS
Recent sales nearby
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About Ringwood 3134
The size of Ringwood is approximately 10.2 square kilometres. It has 35 parks covering nearly 13.2% of total area. The population of Ringwood in 2016 was 17471 people. By 2021 the population was 19144 showing a population growth of 9.6% in the area during that time. The predominant age group in Ringwood is 30-39 years. Households in Ringwood are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ringwood work in a professional occupation.In 2021, 57.80% of the homes in Ringwood were owner-occupied compared with 58.60% in 2016.
Ringwood has 12,353 properties. Over the last 5 years, Houses in Ringwood have seen a 12.18% increase in median value, while Units have seen a 10.33% increase. As at 31 March 2026:
- The median value for Houses in Ringwood is $1,067,741 while the median value for Units is $651,431.
- Houses have a median rent of $650 while Units have a median rent of $550.
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