OFF MARKET

8 Ormond Road
Elwood VIC 3184

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Floor area: 39m2
Land area: 146m2
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Last updated 30 Sep 2024
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Property Details for 8 Ormond Rd, Elwood

8 Ormond Rd, Elwood is a 3 bedroom, 1 bathroom House. The property has a land size of 146m2 and floor size of 39m2. While the property is not currently for sale or for rent, it was last sold in August 2023.

Building Type
House
Floor Size
39m2
Land Size
146m2
Local Government
Port Phillip
Lot/Plan
1/LP36592

Last Listing description (April 2023)

What a Catch!

Buy in one of Melbourne's most iconic retail strip.


Close to the Elwood beach, Nepean Highway and an array of bars and entertainment tenants which Elwood is renowned for.

Offering:
+ Area 146 sqm*
+ New 5 year lease expiring 1/12/2027
+Rental $37,141 per annum nett
+ 2 further 5 year options
+ Fixed annual reviews
+ Freehold retail investment
+ Strong food based investment
+ Extensive tenant fit out built for the long term

Just Commercial
Focused on Successful Property Outcomes

* Approx

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Property History for 8 Ormond Rd, Elwood, VIC 3184

A timeline of how this property has performed in the market
Last Sold
$900,000
04 Aug 2023
Listed for Rent
$80/w
17 Aug 1991
  • 04 Aug 2023
    Sold for $900,000
  • 21 Feb 2023
    Listed for Sale Please Contact Agent
  • 19 Oct 2022
    Transferred
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About Elwood 3184

The size of Elwood is approximately 2.6 square kilometres. It has 14 parks covering nearly 14% of total area. The population of Elwood in 2011 was 14,637 people. By 2016 the population was 15,548 showing a population growth of 6.2% in the area during that time. The predominant age group in Elwood is 30-39 years. Households in Elwood are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Elwood work in a professional occupation. In 2011, 42.4% of the homes in Elwood were owner-occupied compared with 41.9% in 2016.

Elwood has 10,225 properties. Over the last 5 years, Houses in Elwood have seen a 5.40% increase in median value, while Units have seen a 1.08% increase. As at 30 September 2024:

  • The median value for Houses in Elwood is $2,127,008 while the median value for Units is $668,000.
  • Houses have a median rent of $738 while Units have a median rent of $540.
There are currently 16 properties listed for sale, and 16 properties listed for rent in Elwood on OnTheHouse. According to CoreLogic's data, 502 properties were sold in the past 12 months in Elwood.

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