40 Eastfield Rd, Ringwood East is a 8 bedroom, 6 bathroom Townhouse with 1 parking spaces and was built in 2024. The property has a land size of 845m2 and floor size of 413m2. While the property is not currently for sale or for rent, it was last sold in December 2020.
This Auction is an Online Auction - you can now Watch, Bid and Buy online at this auction via the Anywhere Auctions website or app.
https://anywhereauctions.com.au/app/property?propertyId=8246
Explore the possibilities and capitalise on the enormous potential this exclusively addressed property has to offer. Measuring 845sqm (approx.), the generous, north-facing flat block has wide frontage, excellent depth and NRZ3 zoning, making it ideal for a new home build or multi-unit development (subject to council approval). The existing residence presents an exceptional opportunity to transform into a superb family abode as the foundation is likely to adhere to a creative makeover. Spacious interiors encompass a large lounge, kitchen and meals domain, central bathroom with separate WC and three robed bedrooms. An undercover deck, garage and workshop offer further conveniences. Buyers may also consider building new at the rear (STCA) or enjoying excellent long-term investment returns. Ringwood East Train Station, shops and schools are all within walking distance, while Maroondah Hospital, Eastland and EastLink are nearby.
***PhilipWebb Real Estate Coronavirus Update***
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Open for inspections are now permitted
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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 5,428 properties. Over the last 5 years, Houses in Ringwood East have seen a 26.51% increase in median value, while Units have seen a 20.23% increase. As at 31 August 2024:
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