$ 1,804.00
14 Mines Rd Ringwood East VIC 3135
1497 m2 of Untapped Potential
A prime development opportunity presents here on approximately 1497m2 in a popular Ringwood East locale with General Residential Zone 1 (GRZ1) status. This superb location enjoys easy access to a choice of quality schools, Eastland Shopping Centre, two train stations, regular bus service, and local parklands.
The existing residence is a sturdy 4 bedroom home that attracts a lucrative rental return of $1804 per calendar month (lease til June 2015), allowing your investment to work for you while you plan your next move. You may choose to renovate, redevelop, or build your dream home on a substantial allotment that is the envy of the surrounding neighbourhood. Whichever path you choose, the effort is certain to reap handsome rewards.
The close proximity to Eastlink and the remarkable transformation underway in the heart of Ringwood ensure that every need will be catered for, and with first class road connections that span from Frankston to the CBD, and the beautiful Yarra Valley.
Brimming with potential, this is an opportunity that cannot be overlooked.
Property Snapshot
Property Type:
House
Land Area:
1,497 m2
