541 North RoadOrmond VIC 3204
Property Details for 541 North Rd, Ormond
541 North Rd, Ormond is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 2007. The property has a land size of 200m2. While the property is not currently for sale or for rent, it was last sold in August 2023.
Last Listing description (December 2023)
An exceptional opportunity awaits at this unique property with retail premises at the front a well equipped 2 bedroom residence at the rear.
The property is perfectly positioned close to everything that one would expect in an investment property. Comprising a 38sqm (approx) shop and well maintained 2 bedroom residence with off street parking (2 cars) via a right of way that would suit the discerning purchaser options as an investment or owner occupier or both. Located amongst an array of supporting and service type businesses such as food outlets, IGA supermarket, hair salons and more. The property is also situated within metres from Ormond Train Station, ticking all the boxes that one would look for in an investment.
Whatever it may be that you are looking for in your next property purchase; this is certainly one that you can't ignore!
Price range: $850,000 - $935,000
Contact Kieran Lynch 0430 306 801 for more information.
Property History for 541 North Rd, Ormond, VIC 3204
- 21 Aug 2023Sold for $780,000
- 17 Jul 2023Listed for Sale Contact Agent
- 13 Apr 2022Listed for Rent - Price not available
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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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