SOLD
RECENT ADVICE
Sold on 29 Aug 2024 for $640,000

5/55 New Street
Ringwood VIC 3134

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 81m2
Land area: 143m2
Sold By
Jellis Craig Whitehorse
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Property Details for 5/55 New St, Ringwood

5/55 New St, Ringwood is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1973. The property has a land size of 143m2 and floor size of 81m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 2 bedroom Unit sold in Ringwood in the last 12 months.

Building Type
Unit
Year Built
1973
Floor Size
81m2
Land Size
143m2
Local Government
Maroondah
Lot/Plan
5/RP11895

Last Listing description (September 2024)

Comfort and convenience

Nestled in a peaceful block of just 5 units, this impeccably maintained two-bedroom home offers a lifestyle of comfort and convenience all on one level. Perfectly situated within walking distance of parkland and Ringwood Square, this residence is sure to impress a range of buyers, from first-time purchasers to downsizers and savvy investors. Step inside and be greeted by a spacious living area with new carpeting and neutral tones, seamlessly leading to a bright kitchen and meals space complete with a gas cooker and double sinks. The separate laundry opens up to a freshly mulched, private rear courtyard, ideal for easy entertaining or relaxing outdoors, with direct access to a secure double garage. The sunlit bedrooms feature built-in robes and share a neat main bathroom with both a shower and bath, along with a separate toilet for added convenience. Additional features include gas ducted heating, a wide driveway entry, and ample turning space. Zoned to sought-after schools including Ringwood Secondary College and Antonio Park Primary, this property is also in close proximity to various parks, fitness amenities like Aquanation, popular shopping destinations like Eastland and Town Square, as well as public transport options such as Ringwood and Heatherdale Stations. With easy access to major arterial roads like Eastlink and the Eastern Freeway, this home presents a fantastic opportunity for those looking to move in and enjoy or lease out with potential for personal touches.

Property History for 5/55 New St, Ringwood, VIC 3134

A timeline of how this property has performed in the market
Last Sold
$640,000
29 Aug 2024
  • 29 Aug 2024
    Sold for $640,000
  • 07 Aug 2024
    Listed for Sale $580,000 - $630,000
  • 12 May 2023
    Transferred

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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 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 12,118 properties. Over the last 5 years, Houses in Ringwood have seen a 29.81% increase in median value, while Units have seen a 16.78% increase. As at 31 August 2024:

  • The median value for Houses in Ringwood is $1,034,046 while the median value for Units is $637,138.
  • Houses have a median rent of $600 while Units have a median rent of $500.
There are currently 52 properties listed for sale, and 7 properties listed for rent in Ringwood on OnTheHouse. According to CoreLogic's data, 466 properties were sold in the past 12 months in Ringwood.

Suburb Insights for Ringwood 3134

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.