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Strong Existing Improvements with Development Upside For Sale

28 Burwood Ave, Ringwood, VIC, 3134

Strong Existing Improvements with Development Upside

House
Type
5
Bedrooms
4
Bathrooms
4
Parkings

Published on Wednesday, April 08, 2026 ( See property details for 28 Burwood Ave, Ringwood, VIC, 3134)

Buy one or Two $1,000,000 - $1,100,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

Two versatile homes on a substantial 1,392 sqm* block in Ringwood's prime Activity Centre Zone, offering excellent investment and development potential.

🏑 Property Highlights

  • Two well-positioned homes on a combined 1,392 sqm* of land in Ringwood's sought-after Activity Centre Zone (ACZ1).
  • Potential for significant development (STCA) with existing investment upside through current leasing arrangements.
  • Located within the coveted Ringwood Secondary Zone (STSA), offering excellent educational options nearby.
  • Close proximity to Eastland Shopping Centre, Costco, and Ringwood Square for retail and dining convenience.
  • Easy access to Ringwood Train Station and EastLink Freeway for seamless commuting.
  • Spacious outdoor surrounds ideal for outdoor living and entertaining.

✨ Key Features

  • Open-Plan Living
  • Outdoor Area
  • Built-in Robes
  • Pet-Friendly
  • Outdoor Area / Balcony
  • Security Screens / Gates
  • Fly Screens
  • NBN / High-Speed Ready
  • Extra Storage (Shed/Linen)
  • Walkability Score
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28 Burwood Ave
Ringwood, VIC 3134
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Vertical aerial view β€” 28 Burwood Ave
28 Burwood Ave — Vertical Aerial  •  Ringwood, VIC 3134  •  Nearmap © 2026

Ringwood is a vibrant suburb experiencing significant growth, renowned for its excellent schools, extensive shopping options, and convenient transport links. The area offers a mix of established homes and development opportunities, making it ideal for investors and families alike. Residents enjoy access to beautiful parklands, walking trails, and a thriving community atmosphere. Its strategic location near major arterials ensures easy connectivity to Melbourne CBD and surrounding suburbs.

What is the current condition of the homes and are there any recent renovations?
The homes are well-maintained with existing configurations, and any recent renovations would need to be confirmed with the current owners or agent.
What are the zoning restrictions and development potential for this property?
The property is located in the Activity Centre Zone (ACZ1), offering significant development potential subject to council approval (STCA).
Are there any planning permits or approvals in place for development?
Development approvals are not currently in place; any plans would require submission and approval from the local council.
What are the rental income details and lease terms for the current tenants?
The homes are leased on month-to-month agreements; specific rental income details can be obtained from the current leasing agent.
Are there any known issues or defects with the properties?
No known issues or defects have been reported; a thorough inspection is recommended prior to purchase.
Are there any zoning restrictions or future planning proposals that could affect development potential? What are the total ongoing costs, including council rates, land tax, and maintenance? Are there any easements, covenants, or restrictions on the land? Is there any history of flooding, bushfire risk, or other environmental hazards? Are there any upcoming construction or infrastructure projects in the vicinity that could impact the property?

28 Burwood Ave, Ringwood, VIC, 3134 - More Details

Strong Existing Improvements with Development Upside

Incredible opportunity to secure one or both of these homes in Ringwood's sought-after Activity Centre Zone (ACZ1), Together measuring in at 1,392 sqm* of approx land and with two dwellings the investment upside is there and offers significant development (STCA). Residing in the coveted Ringwood Secondary Zone (STSA), the two existing homes are currently leased on month-to-month rental agreements with their current configurations detailed as follows. Number 26: You'll find three bedrooms accompanied by a laundry, lounge room with open fireplace, central meals zone, kitchen and pergola for outdoor enjoyment, all on approx 691 sqm*. Number 28: sits on a slightly larger site measuring 701 sqm* approx. and boasts two bedrooms, lounge, kitchen/dining and generous outdoor surrounds. Located in a suburb that's experienced significant growth and benefits from excellent amenities including excellent education facilities such as Ringwood Heights Primary, Ringwood Secondary and Aquinas College. Moments from Eastland Shopping Centre, Costco, Ringwood Square shops, Ringwood Train Station, restaurants, parkland and walking trails plus the convenience of EastLink Freeway. Photo ID required at all open for inspections.
Type
House
Bedrooms
5
Bathrooms
4
Parkings
4

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