531 North RoadOrmond VIC 3204
Property Details for 531 North Rd, Ormond
Last Listing description (March 2023)
Shop/Office
North Road Exposure
Right on Pedestrian Crossing
+ Area: 54 sqm*
+ Freshly painted and rewired
+ 1 car space
+ New split system air conditioner/heating
+ Alarm
+ Suit endless options of tenants
Just Commercial
Focused on Successful Property Outcomes
* Approx
Property History for 531 North Rd, Ormond, VIC 3204
- 19 Sep 2022Listed for Rent $26,000 / year
- 24 Apr 2022Sold for $1,025,000
- 03 May 2021Listed for Rent - Price not available
Recent sales nearby
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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 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 4,733 properties. Over the last 5 years, Houses in Ormond have seen a 3.15% increase in median value, while Units have seen a -2.39% decrease. As at 31 March 2026:
- The median value for Houses in Ormond is $1,832,619 while the median value for Units is $630,747.
- Houses have a median rent of $900 while Units have a median rent of $550.
Suburb Insights for Ormond 3204
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