23 Great Ryrie Street, Ringwood VIC 3134
23 Great Ryrie Street, Ringwood VIC 3134
Large 836 m² block | walk to station and shops | strong family/developer demand | no overlay restrictions
This property is defined by its unusually generous land size, a notable advantage in Ringwood where smaller blocks are more common. The 836 m² parcel provides flexibility for family living, future extension, or redevelopment, while the location’s walkability to Ringwood station, Eastland, and parkland adds strong everyday appeal. With no bushfire, flood, or heritage overlays, the site carries minimal regulatory exposure. It serves family buyers seeking space, upgraders wanting room to grow, or developers valuing a well-connected plot. The house itself is modest but sits on the land as its primary competitive strength.
The sale price may be shaped by unknown interior condition and build age, as those details are not confirmed. Renovation requirements or the need for updates could affect buyer appetite, though the land value is robust. The single-bathroom layout might limit some family interest, but this constraint could be resolved through extension or rebuilding on the generous block.
Detailed Independent Property Report prepared by PropCred Analyst team for 23 Great Ryrie Street, Ringwood VIC 3134
Checks found:
Value Risk
✓
Liquidity Risk
!
1
Planning Risk
✕
2
Income Risk
✓
Execution Risk
✓
Insight: Ringwood VIC 3134
Ringwood presents as a well-connected, established suburb experiencing stable but measured market conditions. Demand is driven by renters and investors seeking stable returns in a strategic location, supported by healthy rental growth. Recent price trends for houses show modest appreciation, while the unit market has been mixed, indicating a balanced rather than heated environment. Future growth is underpinned by ongoing development and its connectivity, though the market’s moderate overall performance suggests sensitivity to broader economic conditions.
PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
-
Land
836m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst