96 Old Warrandyte Road, Ringwood North VIC 3134

Large GRZ1 block | dual-living potential | bushfire overlay | short walk to reserve The property’s primary competitive advantage is its 1,575m² GRZ1 lot, which is rare in Ringwood North and supports a four-townhouse redevelopment scenario subject to council approval. The existing five-bedroom, two-bathroom layout with a separate study, deck, and pool already suits an intergenerational or extended-family buyer, while the low 13% site coverage leaves substantial room for expansion or a future subdivision play. This combination of immediate livability and medium-term development optionality positions the house well for buyers who want to occupy now and hold for uplift, particularly those comfortable with a renovation project or a staged exit strategy. The bushfire overlay is the principal risk, as it may increase insurance costs and limit certain building materials or landscaping choices for any redevelopment, so a buyer should commission a bushfire assessment early. The building’s 1975 construction and rendered finish suggest a need for structural and pest inspections, especially given the pool and balcony. On the opportunity side, the discrepancy in recorded build year and parking count across sources indicates a possible data error that a diligent buyer could leverage during negotiation, and the absence of flood or heritage overlays simplifies the approval pathway for a future multi-unit application.