4/21 Alexandra Road, Ringwood East VIC 3135

2-bed villa unit | private end position | large garden allotment | 22-year owner-occupier tenure | no overlays This property presents a competitively strong holding due to its rare private garden setting and exceptional stability within its strata building. The unit’s end-of-block position on a larger-than-typical block provides a sense of peace and separation uncommon for this property type, directly serving buyers seeking a low-maintenance home with outdoor space. Its appeal is anchored to long-term owner-occupiers, evidenced by the building’s average tenure exceeding two decades, indicating a well-maintained and settled community. The primary decision mechanism weighs the conflicting land size data—a 360m² allotment is credible for a villa, while the 1459m² figure likely describes the entire building parcel, creating valuation ambiguity. This, coupled with a wide estimated value range, requires a precise, sub-$700k acquisition to justify the investment against recent comparable sales. Secure it for long-term occupancy to capitalise on its character and privacy; its rental yield is secondary to its liveability appeal. Recent comparable sales nearby: – 3/21 Alexandra Road: A 2-bed, 1-bath unit in the same building sold for $580,000 in December 2022. This sale establishes a direct benchmark, suggesting this property’s current market estimates reflect the broader market movement since late 2022. Your offer should be rigorously benchmarked against this sale, adjusted for this specific unit’s superior private garden and end-position.