Buy 128 Railway Avenue, Ringwood East
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128 Railway Avenue, Ringwood East

For Sale

$1,550,000 - $1,680,000

13 Bed
8 Bath
4 Car
836 m2

Rooming house with strong return

On the cusp of Ringwood East Shopping Village and the train station, this unique property would make the ideal cash flow investment for your property portfolio.

The two-level brick building is a registered rooming house comprising 13 bedrooms, eight bathrooms, communal kitchen and living areas plus onsite parking. Currently returning $79,494 PA plus GST and outgoings (due for CPI increase in

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Land size: 836 Square Metres approx.

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Inspections

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Location

Property statistics

  • Median house price

    $1m

  • Days on market

    21

  • Victorian auction clearance rate

    90%

  • Auctions last week in Victoria

    564

Data sourced from REIV

Schools

Tintern Schools

90 Alexandra Road Ringwood East

0.6km

Eastwood Primary School

Alexandra Road Ringwood East

0.7km

Tinternvale Primary School

Tintern Avenue Ringwood East

1.3km

Ringwood Secondary College

Bedford Road Ringwood

1.6km

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The floorplan, measurements of rooms and land size are approximate. Jellis Craig does not accept any liability or responsibility for any inaccuracy in any plan, drawing or rendering used in the advertising material to describe the land and/or the property and/or any described features.
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