Ringwood North at a glance
10,164
People
$1,197,500
Median sale
$626/wk
Median rent
2.72%
Suburb gross yield
Median sale from 12 recorded sales (last 12 months) — a Districts calculation.
VIC › Ringwood North › Heape Way
$915,000
Last sold
6 June 2024
3
Bedrooms
1
Bathrooms
2
Car spaces
665 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$915,000
6 June 2024 · derived via latest_sale
Local land rate: recorded House sales in Ringwood North (last 5 years) with land size have a median of $1,473/m² of land (n=67). Districts calculation from recorded sales — not a valuation.
Ringwood North at a glance
10,164
People
$1,197,500
Median sale
$626/wk
Median rent
2.72%
Suburb gross yield
Median sale from 12 recorded sales (last 12 months) — a Districts calculation.
Vs Ringwood North
-23.6%
Median sale
Suburb $1,197,500
+0.84 pp
Gross yield
Suburb 2.72%
Suburb median $1,197,500 from 12 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $626/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Ringwood North at a glance
10,164
People
$1,197,500
Median sale
$626/wk
Median rent
2.72%
Suburb gross yield
Median sale from 12 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by First National Real Estate Hall & Partners DandenongFirst Home Buyers & Investors - This one is for you! Seize the rare opportunity to own a property in one of Ringwood North's most desirable, mature neighborhoods. This gem boasts quality housing and a tranquil atmosphere, making it the perfect place to call home.
Situated on a generous corner block spanning 666m2, the existing home features 3 bedrooms, a comfortable living zone with low Maintenace timber flooring, and a split system for year-round comfort. Currently occupied by tenants at $440 per week, but vacant possession can be arranged.
The most significant asset of this property is its Endorsed Plan for two freestanding homes, offering the freedom of independence on a corner block.
Whether you are looking subdivide, renovate, move in or invest, the opportunity to secure this well-constructed home should be on your priority list, this property has endless potential.
Not to be overlooked is its exceptional location, close to the local North Ringwood Shopping Precinct, Eastland Shopping Centre, Eastlink, and an abundance of parks and reserves. Don't miss out on this rare opportunity to secure your piece of paradise in Ringwood North!
We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. All interested parties are advised to carry out their own investigations, and should make and rely upon their own enquiries in order to determine whether or not this information is in fact accurate.
Listing description written by Walter Kubiak, First National Real Estate Hall & Partners Dandenong — reproduced as published, not verified by Districts.