Overview
This rare and strategic development site at 4 Walsh Street, Ormond, presents exceptional opportunities for developers or investors targeting high-quality residential projects within a desirable suburban setting.
The site benefits from an approved permit for a boutique apartment project designed by the notable Cornetta Partners Architects, forming part of a larger initiative comprising 23 expansive apartments. This combined project with 291 Grange Road aims to attract owner-occupiers, emphasizing spacious, well-planned living spaces.
Located just 200 meters from the vibrant North Road retail precinct and within easy walking distance to the recently redeveloped Ormond Train Station, the site offers unparalleled access to public transport and a variety of lifestyle amenities. The surrounding area is well serviced by quality schools, parks, and recreational facilities, providing excellent everyday convenience and lifestyle benefits.
The development features a total project net sellable area of approximately 1,680 square meters and includes a single basement parking arrangement without car stackers, prioritizing practical and secure vehicle accommodation.
This landholding appeals primarily to residential developers looking to capitalize on a strong owner-occupier market in a sought-after location marked by established suburban amenity and ongoing growth. Both 4 Walsh Street and 291 Grange Road can be acquired either separately or together, offering flexible investment options.
Local Market Insights
In Ormond, Quiet Listings observed 2 new parcels of land entering the market over the last 30 days, with an average advertised asking price of $1,325,000. The property type mix of listed properties is predominantly Houses at 50%, followed by townhouses (28%), and units (13%). The most active agency for land in the Ormond area is currently OBrien Real Estate, representing 50% of new listings, followed by Woodards Real Estate with 50%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.