16 Oban RoadRingwood VIC 3134
Property Details for 16 Oban Rd, Ringwood
16 Oban Rd, Ringwood is a 3 bedroom, 1 bathroom House. The property has a land size of 1008m2 and floor size of 1012m2. While the property is not currently for sale or for rent, it was last sold in October 2016.
Last Listing description (February 2017)
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
- 20 Oct 2016Sold for $950,000
- 20 Jun 2016Listed for Sale Fixed Price $940,000
- 28 May 2012Listed for Sale $550,000 PLUS
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0About 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 2011 was 16,008 people. By 2016 the population was 17,450 showing a population growth of 9.0% 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 2011, 62.7% of the homes in Ringwood were owner-occupied compared with 58.6% in 2016.
Ringwood has 12,176 properties. Over the last 5 years, Houses in Ringwood have seen a 23.86% increase in median value, while Units have seen a 12.71% increase. As at 31 October 2024:
- The median value for Houses in Ringwood is $1,024,541 while the median value for Units is $637,463.
- Houses have a median rent of $600 while Units have a median rent of $500.
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