6 Samuel Street, Ringwood VIC 3134
6 Samuel Street, Ringwood VIC 3134
2 bed / 1 bath / 1 car house | mid-market Ringwood | established older stock | compact footprint likely | strong demand for low-maintenance detached living
This house sits in the established older segment of Ringwood, a suburb where detached housing is increasingly scarce as newer townhouses and units dominate listings. The configuration is practical rather than expansive, making it a natural fit for first-home buyers, downsizers, or investors seeking a straightforward entry into a well-connected middle-ring suburb. Its competitive edge lies in being a genuine house rather than a strata-titled unit, offering private land and the potential for renovation or personalisation that apartment-style living cannot match. The location draws on Ringwood’s established strengths—rail access, Eastland retail, and reputable school zones—which typically sustain buyer interest and rental demand.
The property’s value may be shaped by several factors that are not immediately visible from the listing. Land size and orientation could meaningfully affect its appeal, particularly if the block is compact or the house faces a busy road. The condition of the original structure, including the age of the kitchen, bathroom, and roofing, may require capital outlay that a buyer should budget for. The absence of modern features like ducted heating or split-system cooling could limit its appeal to some purchasers, while the presence of a single car space might be a constraint for families with multiple vehicles. These elements could influence how the final price compares to expectations, so a thorough inspection is advised.
Detailed Independent Property Report prepared by PropCred Analyst team for 6 Samuel Street, Ringwood VIC 3134
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Ringwood VIC 3134 is a well-connected middle-ring suburb. Houses hold a $1,000,000 median (REIV) with 3.6% quarterly growth, though annual growth varies from -0.5% to +4.3% across sources, indicating a stable but not rapidly appreciating market. Units median $620,000–$658,000, with 3.4% quarterly growth; annual unit changes range from -1.88% to +2.6%. Houses sell in 25–30 days. Gross yields are 3.09% for houses and 4.4% for units. Weekly rents are $630–$650 for houses and $520–$550 for units; rents rose 3.2% and 4.0% respectively. Strategic location and ongoing development drive investor demand, with healthy rental absorption. Sales volumes range widely, from 77 to 469 houses annually. Key risk: mixed annual price growth points to rate sensitivity and inconsistent capital appreciation.
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PropCred Estimated Value
Comparable Sales: 6/90 Ringwood Street, Ringwood – $685,000 (2/1/1 townhouse) | Property Price Band: $700K–$800K | Value Drivers: land size, original condition, street exposure, potential for renovation.
Bedrooms
3
Bathroom
2
Parking
1
Land
273m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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