Ringwood East at a glance
11,729
People
$1,100,000
Median sale
$556/wk
Median rent
2.63%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
VIC › Ringwood East › Velma Grove
$830,000
Last sold
20 Apr 2020
3
Bedrooms
1
Bathrooms
2
Car spaces
904 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
$830,000
20 Apr 2020 · derived via latest_sale
Local land rate: recorded House sales in Ringwood East (last 5 years) with land size have a median of $1,318/m² of land (n=31). Districts calculation from recorded sales — not a valuation.
Ringwood East at a glance
11,729
People
$1,100,000
Median sale
$556/wk
Median rent
2.63%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
Vs Ringwood East
-24.5%
Median sale
Suburb $1,100,000
+0.85 pp
Gross yield
Suburb 2.63%
Suburb median $1,100,000 from 13 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 $556/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 East at a glance
11,729
People
$1,100,000
Median sale
$556/wk
Median rent
2.63%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Noel Jones Maroondah & Yarra RangesINSPECTIONS BY PRIVATE APPOINTMENT ONLY -
Please contact our listing agent to make an appointment.
Privately propped atop a large 904sqm (approx.) corner block, this pristine mid-century style property presents itself as a comfortable family home or investment, with excellent scope to enhance its unique architecture. Completely screened from the street beyond lush greenery and offering distant views to the Ranges, the home is introduced by a long wrap-around verandah, where you can entertain or simply sit and soak in the serenity.
Inside, floating floors and wall-to-wall window sunlight bath a pitched roof lounge/dining in radiant warmth and there is a brick and slate accented Coonara heater to rest fireside in the cooler months. A fully equipped kitchen contains a gas upright cooker, rangehood and dishwasher, with abundant bench and preparation space. Three bedrooms line a hardwood floorboard hallway and are complemented by a central bathroom with separate toilet. Outside, a back patio overlooks a compact yard complete with shed storage and a Hills Hoist clothesline.
Extras include: ducted heating, an air conditioner plus dual garages and gravel parking accessed via Ruthven Way. Move right in or reveal its true potential, in a terrific location that is within walking distance to strip shops, buses, Maroondah Hospital and childcare centres. A minute's drive to the shops and train stations of Ringwood East and Croydon, parks, schools, Eastland and EastLink.
Noel Jones Coronavirus Update
Please note that due to current Government restrictions to inspect this property you must make a private appointment. We welcome you to reach out to us and make an appointment at a time that is convenient to you.
We will be asking attendees to:
• Contact the Agent to book a private appointment
• Not enter the property if:
- You have returned from overseas in the past two weeks
- You are unwell or have a fever
- You have come into contact with someone experiencing flu-like symptoms or has tested positive to Coronavirus
- As per the health guidelines, please maintain a distance of 1.5 metres from others and avoid physical contact, including shaking hands
- Apply hand sanitiser, which will be available for your use
- Refrain from touching household items, such as door handles, cupboards and tapware
- Tested positive to, or have symptoms associated with Coronavirus
We thank you for your understanding as we navigate through this period together.
Listing description written by Mike Wang, Noel Jones Maroondah & Yarra Ranges — reproduced as published, not verified by Districts.
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