78 Bedford Road, Ringwood
Ringwood SC and GRZ1 zone – two homes, one title!
Offering a rare opportunity to secure two dwellings on the one title – with GRZ1 zoning on 1,005sqm (approx.) of land and boasting a combined rental return of $39,636 per annum:
The front dwelling character weatherboard home showcases a generous lounge, 2 bedrooms, open kitchen and dining, a front verandah, plus car accommodation at the rear.
The rear dwelling is a newer build, offering 2 living spaces, open kitchen and dining, 4 bedrooms, master with WIR and en suite, BIRs in remaining bedrooms, covered patio, plus workshop and garage.
It’s a fantastic opportunity for investors to reap the rental returns and developers to offset loans & costs whilst in the planning stages of their new multi-unit site (STCA). Also a great opportunity for the inspired renovator to update both homes and keep, or convert to separate titles and sell each for a tidy profit (STCA).
Inside the Ringwood Secondary College zone, close to Eastland Shopping Centre, Ringwood Train Station, Jubilee Park, Aquanation Eastlink, bus services, local shops and cafes. If you're looking for multiple passive income properties that are sure to increase in value, this may be the best investment opportunity you've been looking for.