Home / Sold / RINGWOOD EAST / 2 Velma Grove, RINGWOOD EAST VIC 3135
Philip Webb Real Estate Ringwood
2 Velma Grove, RINGWOOD EAST VIC 3135$985,000 - $1,080,000
Philip Webb Real Estate Ringwood
William WongPhilip Webb Real Estate Ringwood
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Property 2 Velma Grove, RINGWOOD EAST VIC 3135 secondary IMAGE
Property 2 Velma Grove, RINGWOOD EAST VIC 3135 IMAGE

2 Velma Grove
RINGWOOD EAST VIC 3135

Price unavailable

321House


Sold on 16 May 2022

867sqm (approx.) of potential with approved plans & permit for 3 townhouses!

Positioned on an elevated 867square metres (approx.), your new location offers picturesque glimpses of Melbourne’s city skyline and sweeping views across the Dandenong Ranges. The home is move in ready, but with approved plans & permits for 3 townhouses, this is an opportunity for keen investors to make a personal statement! Exuding character and charm, the existing home offers plenty of living and entertaining spaces. Quality hardwood floors welcomes you into the lounge and dining areas, where you can relax in front of a glowing gas log fireplace after a long day. Alternatively, kick back on your stunning front deck and enjoy beautiful sunsets on a balmy evening. American white oak and rustic finishes lend a warm hearth to the kitchen that flows out naturally to a covered entertainment deck. Perfect for hosting outdoor dinner parties, enjoy alfresco dining without needing to worry about crowding in one room. Your family and friends can also indulge in a garden bursting with tasty organic produce, thanks to the natural goodness of the soil around you. Take sustainable living to the next level and enjoy fresh fruit right off the trees! This home also offers a list of impressive inclusions such as: a 4.8KW hybrid solar electricity system with a 10KW battery to significantly reduce cost of consumption, ducted heating, split system air conditioning, garden shed and a double garage with workshop. Finally, with a location exceptionally positioned next to bus services, Ringwood East Station, excellent schools, Maroondah Hospital, Eastlink, and Eastland Shopping Centre, you won’t find a better value for this much space—close to everything & ready for the future!

Local market info for Ringwood East

Data for House based on the past 12 month period
Median growth 14.44%
Median Sold Price $1,030,000
Median Weekly Rent $350
Avenues Education - Eastern MetropolitanEastwood Primary School-Eastwood Deaf FacilityTintern GrammarEastwood Primary SchoolMaroondah KindergartenKnaith Road Child Care CentreMaroondah Montessori PreschoolMilestones Early Learning RingwoodEach Child Community Child & Family CentreTintern Grammar Early Learning Centre & OSHCKids Club Ringwood East Early Learning Centre

Homes investor insights on
rental returns

Homes estimates a median rental return of $350 per week for a 3 bedroom House in Ringwood East.

Yield 0%
Growth Ringwood East* 0%

* 10 year average annual growth

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Philip Webb Real Estate Ringwood
Property Agent William Wong
William WongSenior Sales Consultant

Philip Webb Real Estate Ringwood139 Maroondah Highway, Ringwood VIC
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