Block of 14 to be sold as one, all on separate titles
Don’t miss this opportunity to make your mark & enjoy endless returns on a well presented two storey block of 14 one-bedroom apartments, all on separate titles. Ideally located in a thriving Ormond location on a massive 1,011m2* allotment, this solid brick 70’s block presents a once in a lifetime opportunity! Investors looking to secure property in a high growth location, with potential to immediately achieve a rental income & with scope for further refurbishment, to hold, on sell individually or explore future options (STCA). All 14 apartments of varying good condition comprise a light filled living/dining room with built-in shelving, a neatly presented kitchen, a comfortable bedroom with built-in robes & an ensuite. The block also features undercover off street parking for each apartment & communal laundry facilities area at the rear. This wonderful opportunity is terrifically based just a stones throw from North Road shops, cafes & restaurants, Ormond Station, parklands & schools. *Approximate Title Dimensions.
Ormond suburb statistics
Houses*
Median sale price
$1,820,000
Quarterly price change
2.69%
Units*
Median sale price
$608,000
Quarterly price change
-0.33%
Sales insights
Auction clearance rate*
74%
Median days on market∧
31 days
Total sold properties*
38
*Updated quarterly for the past 12 months
^Updated daily for the past quarter
~Updated daily for the past 12 months
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