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20 Arlington Street,
Ringwood 3134, Victoria

3 bedrooms
1 bathroom
2 car spaces
867m² land size
House

$1,350,000

Property details

Approved 4-Townhouse Development Opportunity

THE PROPERTY
Set on a substantial 867 sqm (approx.) allotment, this Ringwood holding presents a compelling investment and development opportunity in a high-growth, high-demand location. The property comes with approved plans for four contemporary double-storey residences, offering an ideal mix for rental yield and resale flexibility. The proposed development comprises two three-bedroom residences, each with double garages, and two two-bedroom residences, each with single garages, a proven configuration designed to appeal to both owner-occupiers and tenants alike. The existing residence is warm, well maintained and move-in ready, offering three generous bedrooms, light-filled living and dining zones with polished timber floorboards, an updated kitchen and central bathroom, plus ducted heating and split system cooling. Outdoors, a spacious alfresco and established rear garden provide the perfect setting for family living, entertaining and everyday enjoyment. The site offers investors the ability to landbank, develop, or add immediate value in a location underpinned by strong buyer demand, transport connectivity and major retail infrastructure.

THE FEATURES
• Large 867 sqm (approx.) development site in a growth corridor
• Approved plans for four double-storey town residences
• Two three-bedroom homes with double garages
• Two two-bedroom homes with single garages
• Strong rental appeal through varied dwelling mix
• Existing dwelling provides holding income while planning or developing
• Located within a proven townhouse and medium-density pocket
• Excellent upside for investors, developers or SMSF buyers

THE LOCATION
Positioned moments from Ringwood's major activity hub, the site sits close to Eastland Shopping Centre, Ringwood Square, Costco and an extensive café and dining precinct. Well serviced by Ringwood and Heatherdale train stations, multiple bus routes and seamless access to EastLink, the location ensures strong tenant demand and long-term capital growth. Zoned to Great Ryrie Primary, Ringwood Secondary College and surrounded by parks and reserves, this is a location investors consistently target for both yield and appreciation.

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

Due diligence checklist for home and residential property buyers.

Explore the area

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School catchments

  • Our Lady of Perpetual Help School Primary Prep-6 Catholic 0.74km
  • Great Ryrie Primary School Primary Prep-6 Government 1.3km
  • Antonio Park Primary School Primary Prep-6 Government 1.7km
  • Ringwood Heights Primary School Primary Prep-6 Government 1.9km
  • Rangeview Primary School Primary Prep-6 Government 2.0km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.

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