8 Ian Ave, Ringwood East, Vic 3135

Exceptional Investment Opportunity at 8 Ian Avenue, Ringwood East
Discover a unique property that seamlessly blends comfortable living with outstanding investment potential. Situated in the heart of Ringwood East, 8 Ian Avenue offers a versatile residence featuring a primary three-bedroom house complemented by a fully self-contained studio unit. This combination caters to a variety of living arrangements and income-generating possibilities.
Property Highlights:
•	Main Residence: A well-appointed three-bedroom home designed for family comfort and style.
•	Self-Contained Studio: An attached studio unit with a private entrance, featuring a bedroom, modern bathroom, spacious lounge, fully equipped kitchenette, and covered pergola. Ideal for use as a home office, guest accommodation, or rental unit.
•	Development Potential: The expansive backyard offers the possibility to construct a two-bedroom granny flat （STCA $ STBSA）, further enhancing the property's value and income potential.
Investment Potential:
With the existing dwellings and potential addition, the property is potentially poised to generate a combined rental income of approximately $1,500 per week. This translates to an annual income of around $78,000, offering a potential rental yield of approximately 8%. This significantly surpasses the average rental yield for houses in Ringwood East, which is currently around 3.3%. 
Capital Growth Prospects:
Ringwood East has demonstrated consistent capital growth, with a 3.5% increase in house prices over the past 12 months. The property's flexible configuration and development potential position it as a prime candidate for future appreciation, whether through further development, renovation, or as a site for a new family home.
Prime Location:
Nestled in a sought-after neighborhood, the property is in close proximity to essential amenities, reputable schools, and efficient public transport options. Its strategic location enhances its appeal to both tenants and future buyers.
Auction Details:
This remarkable property is scheduled for auction on 31 May 2025 (Saturday) @ 2:00pm. Don't miss this rare opportunity to secure a high-yield investment with substantial growth potential in the thriving Ringwood East market.
For further information or to arrange a private inspection, Photo ID’s required in inspection. 
Disclaimer: All development opportunities are subject to council approval. Prospective buyers should conduct their own due diligence regarding rental income and development potential. As the market conditions can change rapidly, the rental appraisal does not constitute investment advice.