FOR SALE
Private Sale $515,000

11a & 11b Ridgeway Avenue
Glenroy VIC 3046

Bedrooms: 2
Bathrooms: 1
Car spaces: -
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Prime Development Opportunity on Corner Allotment

Unlock the potential of Glenroy with this exceptional property at 11A and 11B Ridgeway Avenue. This prime location is perfect for savvy developers, astute investors, or enterprising business owners seeking to capitalize on a highly desirable area.
Situated in a mixed-use zone, this property is just minutes away from Glenroy Station, as well as an array of shops, cafes, and other amenities. Its location ensures strong demand and convenience for both commercial and residential tenants. Additionally, being only a 30-minute drive from Melbourne's Central Business District (CBD) enhances its appeal, offering excellent connectivity to the heart of the city.
This property presents a rare opportunity to invest in a thriving location with significant growth potential. Whether for immediate use or future development, 11A and 11B Ridgeway Avenue stands ready to meet a variety of investment and business needs.
All information about this property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to this property.
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Property Details for 11a & 11b Ridgeway Ave, Glenroy

11a & 11b Ridgeway Ave, Glenroy is a 2 bedroom, 1 bathroom House. The place is currently for sale with Ray White Pascoe Vale.

Building Type
House

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About Glenroy 3046

The size of Glenroy is approximately 8.9 square kilometres. It has 25 parks covering nearly 26% of total area. The population of Glenroy in 2011 was 19,663 people. By 2016 the population was 22,241 showing a population growth of 13.1% in the area during that time. The predominant age group in Glenroy is 30-39 years. Households in Glenroy are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Glenroy work in a professional occupation. In 2011, 65.4% of the homes in Glenroy were owner-occupied compared with 60.2% in 2016.

Glenroy has 12,047 properties. Over the last 5 years, Houses in Glenroy have seen a 14.44% increase in median value, while Units have seen a 16.04% increase. As at 30 September 2024:

  • The median value for Houses in Glenroy is $815,044 while the median value for Units is $580,285.
  • Houses have a median rent of $535 while Units have a median rent of $500.
There are currently 75 properties listed for sale, and 20 properties listed for rent in Glenroy on OnTheHouse. According to CoreLogic's data, 529 properties were sold in the past 12 months in Glenroy.

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Ray White Pascoe Vale
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