OFF MARKET

10/7 Wild Cherry Road
Ormond VIC 3204

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Land area: 1028m2
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Last updated 2 Sep 2024
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Property Details for 10/7 Wild Cherry Rd, Ormond

10/7 Wild Cherry Rd, Ormond is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 1028m2. While the property is not currently for sale or for rent, it was last sold in September 2023.

Building Type
Unit
Year Built
1970
Land Size
1028m2
Local Government
Glen Eira
Lot/Plan
10/SP36602

Last Listing description (March 2024)

Welcome to a world of possibilities nestled in the heart of Ormond, where modern living meets prime location. Whether you're an astute investor seeking reliable returns or a first-time homebuyer ready to take the plunge, this property is your canvas for creating the life you've envisioned.

Why Choose 10/7 Wild Cherry Road?

For Investors:

?? Prime Location, Prudent Investment: Unlock the power of location with a property strategically situated in the coveted Wild Cherry Road area.

?? Rental Paradise: Tap into a thriving rental market, where demand is high, and your investment can flourish. Similar properties in the neighborhood have proven to be sought-after gems, ensuring a steady stream of income.

?? Investor's Paradise: Capitalize on the upward trajectory of property values in Ormond. Experience the satisfaction of watching your investment appreciate while enjoying the benefits of ownership.

For First Home Buyers:
?? Affordability Meets Ambiance: Step into homeownership with ease, knowing that your dream home doesn't have to come with a hefty price tag. Experience the joys of having a place to call your own in a vibrant community.

?? Comfort and Charm: This property isn't just an apartment; it's a home. With 1 generously sized bedroom and 1 bathroom, you have the space to create your own sanctuary. The abundance of natural light flowing through the apartment ensures a comfortable and inviting atmosphere.

?? Move-In Ready Magic: Say goodbye to the hassle of renovations. With a neat and simple design and thoughtful touches, this property is ready for you to move in and start making memories.

Ready to secure your stake in this exciting opportunity? Reach out today to schedule an inspection at 10/7 Wild Cherry Road and take the first step towards transforming your investment aspirations or homeownership dreams into reality.

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Property History for 10/7 Wild Cherry Rd, Ormond, VIC 3204

A timeline of how this property has performed in the market
Last Sold
$330,000
04 Sep 2023
Listed for Rent
$310/w
20 Mar 2019
  • 04 Sep 2023
    Sold for $330,000
  • 09 Aug 2023
    Listed for Sale Not Disclosed
  • 13 Mar 2019
    Listed for Rent $310 / week
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About 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.
There are currently 13 properties listed for sale, and 10 properties listed for rent in Ormond on OnTheHouse. According to CoreLogic's data, 174 properties were sold in the past 12 months in Ormond.

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