14 Mines Road, Ringwood East VIC 3135
14 Mines Road, Ringwood East VIC 3135
Four-bedroom, two-bathroom solid brick house on a generous 1502-square-metre lot with approximately 120 square metres of internal living space and four parking spaces. Single-level, no bushfire hazard, located in Maroondah Council. Compact floorplan for the bedroom count, with immediate rental income in place.
The property is considered competitively strong for its rare combination of a large land parcel within a family-oriented suburb. In Ringwood East, where typical lots are smaller, this site offers genuine potential for future subdivision or expansion. The solid brick construction provides durability, while the existing rental income makes it attractive for investors seeking immediate cash flow. Families looking for space and long-term flexibility are likely the best fit, as the property supports both a comfortable current use and strategic development. Its position within a low-density, quiet street enhances privacy, a desirable trait for this demographic.
Value may be influenced by the compact interior, which, at 120 square metres, could feel tight for a four-bedroom layout. The older build might require updates to meet modern expectations, and any renovation costs should be weighed against the land’s subdivision potential. While the property sits without bushfire risk, its pricing will likely reflect the balance between the land’s future use and the house’s current condition.
Detailed Independent Property Report prepared by PropCred Analyst team for 14 Mines Road, Ringwood East VIC 3135
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
Ringwood East is a well-established family suburb, underpinned by strong transport links and quality school catchments. Demand is driven by professionals and upgraders seeking established homes, with investor interest in units for solid rental yields. Recent price trends show a stable but varied market, with houses selling quickly, indicating sustained competition. Future growth is supported by consistent family demand and infrastructure, though high entry prices and sensitivity to economic conditions present notable constraints.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
4
Land
1497m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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