14 Cadby AvenueOrmond VIC 3204
Property Details for 14 Cadby Ave, Ormond
14 Cadby Ave, Ormond is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 694m2. While the property is not currently for sale or for rent, it was last sold in April 2022.
Last Listing description (April 2022)
With strong returns today and the strength of a GRZ1 position for tomorrow, this is the College Zone's best sitecall for a site inspection now! This approx 696sqm property doesn't need to be seen to be believed! All you need to know is that there are four flexible long-term tenancies currently returning in excess of $50,000pa, multi-level, multi-dwelling possibilities, and the station in sight!
In the heart of the McKinnon College Zone just four blocks to the College and 200m to Ormond's retail strip and station, this versatile location will motivate buyers across a range of markets. There's the educational opportunity that families want, the access to transport that first home-buyers need, and the lifestyle advantages that down-sizers want a walk to cafes, restaurants and shopping.
Comprising an original three bedroom Californian Bungalow main home plus three separate (and separately tenanted) self-contained bungalows, the property provides a rare combination of flexibility and yield - with an excellent rental history of almost nil-vacancy and a proven payment schedule.
Take the opportunity to commence planning right away. Calculate how current income will contribute to holding costs across your timeline. Consider the unlimited potential from this ever-evolving locale. Cut straight to the chase and secure sight unseen!
Property History for 14 Cadby Ave, Ormond, VIC 3204
- 21 Apr 2022Sold for $1,520,000
- 02 Mar 2022Listed for Sale Contact Agent
- 07 Jan 1980Sold for $38,600
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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 4,660 properties. Over the last 5 years, Houses in Ormond have seen a 13.56% increase in median value, while Units have seen a 2.63% increase. As at 31 October 2024:
- The median value for Houses in Ormond is $1,785,176 while the median value for Units is $618,302.
- Houses have a median rent of $695 while Units have a median rent of $520.
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