1 Walsh Street, Ormond, VIC 3204 | Property Value & History | OnTheHouse
 
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1 Walsh Street
Ormond VIC 3204

Bedrooms: 16
Bathrooms: 8
Car spaces: 8
Land area: 186m2
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Property Details for 1 Walsh St, Ormond

1 Walsh St, Ormond is a 16 bedroom, 8 bathroom House with 8 parking spaces. The property has a land size of 186m2.

Building Type
House
Land Size
186m2
Local Government
Glen Eira
Lot/Plan
2/PS424887

Last Listing description (November 2024)

Experience a unique investment opportunity at 1-8/24 Walsh Street, Ormond! For the first time ever on the market, this property boasts 8 spacious 2BR apartments (all individually, strata titled), each complemented by its own car park.

Occupying approximately 858sqm of prime real estate, this block presents an annual rent of $102,000. With a strong history of long-term tenants exceeding 30 years, this offering provides stability and the opportunity to increase rents closer to market value to increase the overall yield from day one!

Seize this exceptional chance to enhance rental income and elevate property value immediately.

Situated in proximity to Ormond station and local shops, this property offers effortless access to transportation hubs, ensuring connectivity is at your doorstep.

With esteemed educational institutions like Kilbreda and McKinnon Primary School in the vicinity, this location caters to families and individuals alike. Embrace the ease of urban living while reaping the benefits of a thriving community setting.

Don't miss out on this prime location teeming with endless possibilities, where convenience meets investment potential!

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Property History for 1 Walsh St, Ormond, VIC 3204

A timeline of how this property has performed in the market
  • 26 Jun 2024
    Listed for Sale $2,300,000 - $2,500,000
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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 2016 was 8417 people. By 2021 the population was 8328 showing a population decline of 1.1% 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 over $4000 per month on mortgage repayments. In general, people in Ormond work in a professional occupation.In 2021, 60.90% of the homes in Ormond were owner-occupied compared with 57.70% in 2016.

Ormond has 4,732 properties. Over the last 5 years, Houses in Ormond have seen a 15.54% increase in median value, while Units have seen a 4.45% increase. As at 31 December 2025:

  • The median value for Houses in Ormond is $1,870,171 while the median value for Units is $662,812.
  • Houses have a median rent of $620 while Units have a median rent of $550.
There are currently 11 properties listed for sale, and 3 properties listed for rent in Ormond on OnTheHouse. According to Cotality's data, 236 properties were sold in the past 12 months in Ormond.

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