78 Bedford RoadRingwood VIC 3134
Property Details for 78 Bedford Rd, Ringwood
78 Bedford Rd, Ringwood is a 6 bedroom, 3 bathroom House with 3 parking spaces and was built in 1950. The property has a land size of 1006m2 and floor size of 99m2. While the property is not currently for sale or for rent, it was last sold in May 2022.
Last Listing description (September 2024)
Presenting a unique chance to acquire two homes on one title featuring GRZ1 zoning on approximately 1,005sqm of land and offering a combined rental income of $54,600 per year.
The front dwelling, a charming weatherboard home, includes a spacious lounge, 2 bedrooms, open kitchen and dining area, a front verandah, and rear car accommodation.
This property provides an excellent opportunity for investors to benefit from rental returns and for developers to manage expenses while planning a new multi-unit site (subject to council approval). It also offers renovators the chance to update both homes for personal use or to potentially sell separately for a profit (subject to council approval).
Situated within the Ringwood Secondary College zone, near Eastland Shopping Centre, Ringwood Train Station, Jubilee Park, Aquanation, Eastlink, bus services, local shops, and cafes. If you seek multiple income-generating properties with promising appreciation potential, this could be the ideal investment opportunity you've been seeking.
Property History for 78 Bedford Rd, Ringwood, VIC 3134
- 26 Feb 2024Listed for Sale Contact Agent
- 29 May 2022Sold for $1,267,000
- 01 Apr 2022Listed for Sale $1,335,000
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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 12,125 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.
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