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Sold on 13 Sep 2024 - Price Unavailable

205/538 North Road
Ormond VIC 3204

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Land area: 549m2
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Property Details for 205/538 North Rd, Ormond

205/538 North Rd, Ormond is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2018. The property has a land size of 549m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 1 bedroom Unit sold in Ormond in the last 12 months.

Building Type
Unit
Year Built
2018
Land Size
549m2
Local Government
Glen Eira
Lot/Plan
25/PS714221

Last Listing description (September 2024)

PRICED TO SELL - $299,000

Discover this exceptional one-bedroom apartment nestled in the vibrant heart of Ormond, an investor's dream come true.

Situated within the highly coveted McKinnon Secondary College zone, this modern and spacious residence offers potential savings on private school fees, making it an enticing prospect for savvy investors. Anticipate a generous rental return ranging from $400 to $450 per week.

Benefit from the best of both worlds with Chadstone Shopping Centre and Westfield Southland just a short 12 to 15-minute drive away. Plus, with the train station practically at your doorstep, commuting to the CBD is a seamless journey in under 25 minutes.

Indulge in modern comforts within this apartment, featuring double-glazed windows and doors for a tranquil sanctuary amidst the urban buzz. Enjoy ample storage space and an allocated parking spot in the car stacker, for convenience at every turn.

Priced competitively due to known building defects in the process of being rectified, this is a once-in-a-lifetime opportunity to own a piece of prime real estate at a fraction of the usual cost. Contact us today for an open and transparent discussion with the current owner. Full disclosure of all issues is guaranteedthis property is priced to exceed your expectations. Act swiftly to secure your next investment venture.

- Double-glazed windows and doors - very quiet within
- 59 square metres, including balcony
- Ample storage space
- Split system AC and heating
- Allocated car stacker parking space
- Expected rental return between $400 - $450 p/week ($20,800-$23,400 per annum)

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Property History for 205/538 North Rd, Ormond, VIC 3204

A timeline of how this property has performed in the market
Last Sold
13 Sep 2024
  • 13 Sep 2024
    Sold
  • 22 Jul 2024
    Listed for Sale $299,000
  • 12 Apr 2024
    Listed for Sale $299,000
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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 4,620 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.
There are currently 13 properties listed for sale, and 11 properties listed for rent in Ormond on OnTheHouse. According to CoreLogic's data, 159 properties were sold in the past 12 months in Ormond.

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