OFF MARKET

4/40 Ormond Boulevard
Bundoora VIC 3083

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Last updated 16 Dec 2024
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Property Details for 4/40 Ormond Bvd, Bundoora

4/40 Ormond Bvd, Bundoora is a 1 bedroom, 1 bathroom Unit and was built in 2010. While the property is not currently for sale or for rent, it was last sold in June 2020.

Building Type
Unit
Year Built
2010
Local Government
Whittlesea
Lot/Plan
104/PS616333

Last Listing description (June 2020)

Add this modern 1st floor apartment to your investment portfolio and get ready to reap rewards. Positioned just moments from RMIT, Uni Hill shopping precinct, bus, tram and Ring Road, the rental potential here HUGE! The simple single level design begins with an open plan living/dining room with adjacent balcony that captures lovely leafy views, The modern kitchen boasts stone benchtops, mirrored splashbacks and stainless steel appliances, with 1 robed bedroom, 1 modern bathroom and a European laundry to complete the floor plan. With electric panel heating, secure entry, intercom and allocated parking space with storage cage, this property will attract rental income of approx. $1430 / pcm. Inspection is a must!

Features:

Dream modern investment - 1 bedroom, 1 bathroom
Open living/dining with adjacent balcony
Stylish kitchen stone benchtops, s/steel appliances
Panel heating, secure entry, intercom, Euro laundry
Undercover parking with storage cage
Walk to RMIT, Uni Hill, bus and tram

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Property History for 4/40 Ormond Bvd, Bundoora, VIC 3083

A timeline of how this property has performed in the market
Last Sold
$325,000
02 Jun 2020
Listed for Rent
$320/w
10 Mar 2019
  • 02 Jun 2020
    Sold for $325,000
  • 12 Mar 2020
    Listed for Sale $325,000 - $340,000
  • 07 Feb 2019
    Listed for Rent - Price not available
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About Bundoora 3083

The size of Bundoora is approximately 17.3 square kilometres. It has 85 parks covering nearly 31.6% of total area. The population of Bundoora in 2011 was 25,709 people. By 2016 the population was 28,648 showing a population growth of 11.4% in the area during that time. The predominant age group in Bundoora is 20-29 years. Households in Bundoora are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bundoora work in a professional occupation. In 2011, 75.6% of the homes in Bundoora were owner-occupied compared with 68.9% in 2016.

Bundoora has 13,928 properties. Over the last 5 years, Houses in Bundoora have seen a 18.19% increase in median value, while Units have seen a 18.82% increase. As at 30 November 2024:

  • The median value for Houses in Bundoora is $888,231 while the median value for Units is $504,289.
  • Houses have a median rent of $570 while Units have a median rent of $480.
There are currently 60 properties listed for sale, and 27 properties listed for rent in Bundoora on OnTheHouse. According to CoreLogic's data, 539 properties were sold in the past 12 months in Bundoora.

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