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Multi-unit Property

507 Orrong Road

Armadale VIC 3143, Australia

- Parking
1250 m² Land size
$6,600,000 Last sale (2018)
Multi-unit Complex profile

About this property

yardizepropertyrecord
507 Orrong Road is in Armadale, VIC and is presented as an Apartment. The address refers to a multi-unit development set on a land parcel of 1,250 m² and built around 1930. The estimated market value per unit is $6,650,000 and the estimated weekly rent per unit is $2,392 per week

Key details

Locality
Armadale
State
VIC
Coordinates
37.85899857 / 145.01053703
GNAF PID
GAVIC410769443
Legal parcel ID
3\LP13853
Remoteness area
Metro
Property type
Apartment
Land size
1250 m²
Built
c.1930s
Council rates
Not specified (non‑residential classification may affect rates)
Mobile coverage
5G
Heritage overlay
None detected
Zoning
GRZ – General Residential Zone, Schedule 3
Land Use Category
Residential

Market estimates

Based on curated rent estimate, web rent evidence, web value evidence.

Expected weekly rent per unit
$2,392
Expected property value per unit
$6,650,000
Estimated yield
1.87%
Confidence
Medium

Based on the comparable property evidence currently available.

Sales history

Sales figures shown here are for individual units within the property, not the whole site.

EventDatePricePrice per m²
Sale
5 May 2018
Individual unit transaction; unit not specified in source.
$6,600,000$5,280
Sale
1 Dec 2001
Individual unit transaction; unit not specified in source.
$1,500,000$1,200

Price per m² based on land size of 1250 m².

Property insights

Property Features

  • Corner lot with a long north‑facing boundary Images.listonce.com.au
  • Direct vehicle access from Orrong Road and Karbarook Avenue
  • Walking distance to schools, High Street shops, restaurants and Orrong Park Developmentready.com.au
  • Prime 1,250 m² block offering strong redevelopment potential
  • Corner lot with long north‑facing boundary Developmentready.com.au Images.listonce.com.au
  • Direct car access from Orrong Rd and Karbarook Ave
  • Walking distance to schools, High St shops, restaurants, Orrong Park, and tram stops
  • Outstanding opportunity for luxury development (STCA): Large 1,250 m² corner block zoned GRZ‑3 with no heritage or environmental overlays
  • Strong rental performance: Current Estimated weekly rent $2,785/week (~2.2% yield) exceeds suburb median
  • Car spaces: 7

Recorded sales and leasing agents

Listing agency
Marshall White – Stonnington (Dean Gilbert, tel 0418 994 939) Marshallwhite.com.au
Recorded sale agency (2018 sale)
Marshall White – Stonnington recorded for the 2018 sale
Recorded listing contacts
Dean Gilbert 0418 994 939 Marshall white page ( p4)

Building profile

  • 507 Orrong Road in Armadale is a former 1930s English‑style house that has been converted into three separate apartments (total 10 bedrooms and 6 bathrooms) on a 1,250 m² corner block Developmentready.com.au Images.listonce.com.au
  • Council Rates: Not specified (non‑residential classification may affect rates) (building estimate)
  • Built: c.1930s Development ready snippet

Real Estate Agencies

Ordered by:
Marshall White - Stonnington
1.2 km
Marshall White - Boroondara
5.3 km
Jellis Craig - Fitzroy
7.3 km
Gary Peer & Associates - Caulfield North
0.5 km
Jellis Craig - Carnegie
5.2 km
Jellis Craig - Stonnington
1.7 km
Marshall White - Balwyn
8.1 km
Buxton - Port Phillip
2.8 km
Ray White - Carnegie
5.2 km
Kay & Burton - Stonnington
2.0 km
Jellis Craig - Port Phillip
5.3 km
Belle Property Armadale - ARMADALE
1.6 km
Little Real Estate - HAWTHORN
3.3 km
Buxton - Stonnington
1.6 km
* Approximate straight-line distances

Nearby schools

Type:
Ordered by:
The King David School
0.1 km
Combined school | Independent
Our Lady of Lourdes School (Prahran)
0.8 km
Primary school | Independent
Armadale Primary School
1.0 km
Primary school | Government
St Mary's School
1.1 km
Primary school | Catholic
Christian Brothers' College
1.2 km
Secondary school | Catholic
Melbourne Grammar School - Grimwade House
1.3 km
Primary school | Government
Loreto, Mandeville Hall
1.3 km
Combined school | Catholic
Yeshivah and Beth Rivkah Colleges
1.4 km
Combined school | Independent
Windsor Primary School
1.3 km
Primary school | Government
Yeshivah and Beth Rivkah Colleges
1.4 km
Combined school | Independent
Lauriston Girls' School
1.5 km
Combined school | Independent
Presentation College Windsor
1.4 km
Secondary school | Catholic
Caulfield Grammar School
1.7 km
Secondary school | Independent
St Michael's Grammar School
1.7 km
Combined school | Independent
Prahran High School
1.9 km
Secondary school | Government
Guardian Childcare & Education Caulfield North
1.1 km
The King David School Kindergarten
0.4 km
Armadale Early Learning Centre
0.7 km
Only About Children Armadale
0.9 km
Little Patch ELC
1.1 km
* Approximate straight-line distances

Frequently asked questions

How many car spaces are available?

The property provides 7 garage spaces

Marshallwhite.com.au
Which tram stops are within walking distance?

Nearby tram stops include Orrong Rd/Dandenong Rd (0.1 km), Orrong Rd/High St (0.6 km), Wattletree Rd/Dandenong Rd (0.4 km), Lansdowne Rd/Dandenong Rd (0.3 km) and Alexandra St/Dandenong Rd (0.5 km)

How many bedrooms are in the property?

The three apartments contain a total of 10 bedrooms (5‑bed, 3‑bed and 2‑bed units)

Marshallwhite.com.au
How many bathrooms are across the apartments?

There are 6 bathrooms in total

Marshallwhite.com.au
What was the most recent sale price?

It sold at auction for $6.6 million in May 2018

Marshallwhite.com.au
What is the zoning of the site?

The land is zoned General Residential Zone (GRZ) Schedule 3, permitting medium‑density residential development

Developmentready.com.au
What kind of property is this?

507 Orrong Road is listed as Apartment in Armadale, VIC

Developmentready.com.au
What building-wide details are listed?

507 Orrong Road is described with land size of 1,250 m², built around 1930

Developmentready.com.au

Related profiles

Jump to the related profiles for 507 Orrong Road, including the surrounding street and suburb pages.