548 North RoadOrmond VIC 3204
Property Details for 548 North Rd, Ormond
Last Listing description (June 2021)
Savills is delighted to offer for sale this superb development site located at 548-552 North Road, Ormond.
Key attributes of this fantastic opportunity are:
- Flexible Mixed Use Zone
- Approved permit for 28 apartments with an average apartment size of 84sq m*
- Project includes two large shops fronting North Road
- Prominently positioned within the bustling North Road Ormond retail village
- A highly sought after location within the McKinnon High School Zone
- Immediate proximity to the newly redeveloped and Ormond Train Station, as well as various bus routes
The opportunity to secure a strategic landholding in this ideal suburban location surrounded by abundant lifestyle and retail amenity is sure to be highly sought after, especially when you consider the approved permit for a luxury mixed use development.
548-552 North Road, Ormond is For Sale.
For further information, please contact:
Benson Zhou - 0458 488 888
Julian Heatherich - 0412 995 655
Jesse Radisich - 0402 085 702
Property History for 548 North Rd, Ormond, VIC 3204
- 19 Sep 2019Listed for Rent $25,000 / year
- 01 Nov 2017Listed for Sale Private Sale
- 13 Aug 2016Sold for $4,070,000
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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 4,734 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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