563A North Road, Ormond, VIC 3204 | Property Value & History | OnTheHouse
 
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563A North Road
Ormond VIC 3204

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Property Details for 563a North Rd, Ormond

Building Type
Commercial
Local Government
Glen Eira
Lot/Plan
2/LP38004

Last Listing description (May 2019)

Versatile investment property in Ormond

Existing single fronted, two-storey brick building. Recently refurbished, the ground floor is currently operating as a personal training studio while the first floor is operating as a yoga and wellbeing studio. Additionally, there is a newly constructed double-sided outdoor advertising sign on the roof that supplies a third income stream for the savvy investor. 5.5m North Road frontage and additional frontage to a wide rear lane at the rear makes this a truly unique opportunity.
Key features include:
* 5.5m North Road frontage

* 3 income streams ($62,053.70 Net approx)
* Land area: 247* sqm
* Building area: 216* sqm
* First floor has potential for residential conversion (STCA)
* Zoning Commercial 1
* 5 car parks with wide laneway access
For more information or to arrange an inspection call Cameron on 0412 714 506 or Matt on 0411 880 054.

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Property History for 563a North Rd, Ormond, VIC 3204

A timeline of how this property has performed in the market
Last Sold
$713,900
17 Dec 2014
  • 12 Nov 2018
    Listed for Sale Contact Agent
  • 27 Oct 2015
    Listed for Rent - Price not available
  • 28 May 2015
    Listed for Rent - Price not available
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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.
There are currently 11 properties listed for sale, and 5 properties listed for rent in Ormond on OnTheHouse. According to Cotality's data, 239 properties were sold in the past 12 months in Ormond.

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