1 Walsh StreetOrmond VIC 3204
Property Details for 1 Walsh St, Ormond
1 Walsh St, Ormond is a 16 bedroom, 8 bathroom House with 8 parking spaces. The property has a land size of 858m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 16 bedroom House sold in Ormond in the last 12 months.
Last Listing description (August 2024)
Experience a unique investment opportunity at 1-8/24 Walsh Street, Ormond! For the first time ever on the market, this property boasts 8 spacious 2BR apartments (all individually, strata titled), each complemented by its own car park.
Occupying approximately 858sqm of prime real estate, this block presents an annual rent of $102,000. With a strong history of long-term tenants exceeding 30 years, this offering provides stability and the opportunity to increase rents closer to market value to increase the overall yield from day one!
Seize this exceptional chance to enhance rental income and elevate property value immediately.
Situated in proximity to Ormond station and local shops, this property offers effortless access to transportation hubs, ensuring connectivity is at your doorstep.
With esteemed educational institutions like Kilbreda and McKinnon Primary School in the vicinity, this location caters to families and individuals alike. Embrace the ease of urban living while reaping the benefits of a thriving community setting.
Don't miss out on this prime location teeming with endless possibilities, where convenience meets investment potential!
Property History for 1 Walsh St, Ormond, VIC 3204
- 18 Jul 2024Sold
- 26 Jun 2024Listed for Sale $2,300,000 - $2,500,000
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0About Ormond 3204
The size of Ormond is approximately 2.1 square kilometres. It has 4 parks covering nearly 5.4% of total area. The population of Ormond in 2011 was 7,710 people. By 2016 the population was 8,416 showing a population growth of 9.2% in the area during that time. The predominant age group in Ormond is 20-29 years. Households in Ormond are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ormond work in a professional occupation. In 2011, 59.8% of the homes in Ormond were owner-occupied compared with 57.7% in 2016.
Ormond has 4,645 properties. Over the last 5 years, Houses in Ormond have seen a 31.11% increase in median value, while Units have seen a 5.78% increase. As at 31 July 2024:
- The median value for Houses in Ormond is $1,804,361 while the median value for Units is $607,248.
- Houses have a median rent of $730 while Units have a median rent of $500.
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