18 Sherwood Ave, Ringwood East is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1970. The property has a land size of 692m2 and floor size of 95m2. While the property is not currently for sale or for rent, it was last sold in October 2021.
Private inspections now available please contact the agent via email or text message.
Superbly positioned in a popular leafy neighbourhood close to Eastland Shopping Centre, Ringwood and Ringwood East stations, and a stones throw to Ringwood Secondary College this property offers a unique investment opportunity for the savvy buyer.
Dwelling one is a neat two bedroom, one bathroom home with carport, open plan living and huge potential. Ready to add some touches of your own and live comfortably or perhaps pop in a tenant ($1521 per cal month)
Dwelling two sits at the rear and has separate driveway access via Hill Street, again neat and offering 1 bedroom, bathroom and kitchen plus carport and a delightful yard.
Cozy and fully contained this unit has air and heating and is already leased at $1282 per calendar month.
Known as Unit 1 and Unit 2 18 Sherwood and separately metered, this great opportunity is already set up for immediate return. The total package comes in at 731m2 and offers a great opportunity for those looking to secure fabulous GRZ1 land within the lucrative Ringwood East area. Perhaps you'd like to set and forget and continue leasing, perhaps touch up and house the whole family, or perhaps knock down and rebuild two new fabulous homes.
With so much potential we don't see this one lasting long at all!
The size of Ringwood East is approximately 4.7 square kilometres. It has 16 parks covering nearly 6.7% of total area. The population of Ringwood East in 2011 was 9,748 people. By 2016 the population was 10,285 showing a population growth of 5.5% in the area during that time. The predominant age group in Ringwood East is 30-39 years. Households in Ringwood East are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ringwood East work in a professional occupation. In 2011, 71.1% of the homes in Ringwood East were owner-occupied compared with 68.3% in 2016.
Ringwood East has 5,495 properties. Over the last 5 years, Houses in Ringwood East have seen a 19.43% increase in median value, while Units have seen a 13.74% increase. As at 31 October 2024:
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