5/20 Wilana Street Ringwood VIC 3134

Large north-facing courtyard | 1399m² lot for a townhouse | Zoned for coveted Ringwood Secondary | Walk to station, Eastland, Costco This property presents a rare configuration: a three-bedroom townhouse occupying a full 1399m² lot, a significant land holding atypical for its typology. Its position within the prized zones for Great Ryrie Primary and Ringwood Secondary College creates immediate family appeal, while the low-maintenance layout and north-facing outdoor space offer a practical lifestyle. It best serves an owner-occupier seeking land-backed security in a walkable location or an investor targeting long-term capital growth from a scarce product. Proceed with disciplined valuation due to conflicting price estimates between $790,000 and $1.22 million, indicating market uncertainty. The substantial lot size warrants verification of title and strata arrangements to confirm utility and cost obligations. The commercial logic favours a purchase aligned with the lower valuation range, positioning it as a long-term hold to realise the land value premium. A Propcred report would pressure-test the sale price against true comparable sales, clarify strata details, and identify any locality risks affecting insurance or future development. A recent comparable sale in the same complex, 4/20 Wilana Street, a three-bedroom apartment with one bathroom, sold for $808,000 in September 2025. This transaction suggests a strong baseline demand for the location and supports a valuation for this larger, two-bathroom townhouse comfortably above that figure, though not at the highest quoted estimate.