537 North RoadOrmond VIC 3204
Property Details for 537 North Rd, Ormond
Last Listing description (July 2011)
Relax.... and reap the rewards!!
Enjoying a commanding and highly sought-after main road location, this securely leased retail premises and double storey 3BR dwelling is positioned just metres from Ormond train station. Currently tenanted with an existing two year lease expires 31st August 2012 with a further 3 year option. Returning $31,200 PA - reviewed annually at 4% - you can relax knowing this is a very solid investment indeed. The ground floor comprises a large, carpeted retail business zone that's flexible enough to be used for various uses. To the rear is a spacious kitchen with gas appliances a large, adjacent meals area, living room, separate laundry, toilet and large rear yard with ROW & under cover parking. Upstairs accommodation includes 3 BRs, linen storage and a bright central bathroom. Surrounded by well-established businesses and plenty of passing trade, this blue chip opportunity is the kind of investment therapy you need during these times
Property History for 537 North Rd, Ormond, VIC 3204
- 21 Jun 2014Transferred
- 24 Aug 2013Listed for Rent - Price not available
- 02 Aug 2011Sold for $627,000
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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 4,733 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.
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