SOLD
Sold on 15 Jul 2024 for $360,000

7/545 North Road
Ormond VIC 3204

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 51m2
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Property Details for 7/545 North Rd, Ormond

7/545 North Rd, Ormond is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2012. The property has a floor size of 51m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 2 bedroom Unit sold in Ormond in the last 12 months.

Building Type
Unit
Year Built
2012
Floor Size
51m2
Local Government
Glen Eira
Lot/Plan
7/PS633092

Last Listing description (November 2023)

Conveniently located in a small block of only 8 apartment within walking distance to Ormond Station, supermarkets, cafes, and parks this modern sun-filled first-floor apartment accommodates: Entrance hall, an open-plan living area leading to a large balcony, a designer kitchen with Euro appliances, both bedrooms with BIRs, a family bathroom, and Euro laundry. Extras include a split air conditioning/heating system, storage, and secure car parking.
The apartment is facing the back of the building.
Currently tenanted $400 per week (periodic tenancy).

Property History for 7/545 North Rd, Ormond, VIC 3204

A timeline of how this property has performed in the market
Last Sold
$360,000
15 Jul 2024
Listed for Rent
$350/w
15 Oct 2020
  • 15 Jul 2024
    Sold for $360,000
  • 16 May 2023
    Listed for Sale $379,000
  • 28 Sep 2020
    Listed for Rent $350 / 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 4,660 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.
There are currently 12 properties listed for sale, and 9 properties listed for rent in Ormond on OnTheHouse. According to CoreLogic's data, 161 properties were sold in the past 12 months in Ormond.

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