About this property
7/40 Ormond Road is in Ascot Vale, VIC and is presented as an Apartment with 2 bedrooms, 1 bathroom. The estimated market value is $492,500 and the estimated weekly rent is $492 per week
Also written as Unit 7, 40 Ormond Road.
Apartment
7/40 Ormond Road
Ascot Vale VIC 3032, Australia
2
Bedrooms
1
Bathrooms
-
Parking
-
Internal area
$92,000
Last sale (1997)
Key details
- Locality
- Ascot Vale
- State
- VIC
- Coordinates
Latitude and longitude for the mapped property location.
- 37.773154 / 144.931291
- GNAF PID
A unique ID for this address in Australia's national address database.
- GAVIC410782572
- Legal parcel ID
The official land parcel identifier used on property titles and plans.
- 7\RP10252
- Property type
- Apartment
- Unit internal area
- -
- Built
- 1970
- Mobile coverage
- 5G
- Bushfire risk
- None detected
- Flood risk
- None detected
- Heritage overlay
- None detected
- Zoning
- General Residential Zone (GRZ)
- Land Use Category
What the land is mainly used for, such as Residential, Commercial, Industrial or Other.
- Residential
Market estimates
Based on curated rent estimate, web rent evidence, web value evidence.
Confidence ratings show how closely the estimate matches the comparable property data we currently have.
High confidence
There is a stronger pool of recent, relevant comparison data and the subject property lines up closely with those comparable properties.
Medium confidence
There is a reasonable amount of comparison data, but the closest matches may vary more in type, size, timing or location.
Low confidence
There are fewer recent comparable properties available, or the known examples are less similar to the subject property.
These figures are estimates and broad indications only. They are generated from recorded property attributes and available third-party market data, without a physical inspection of the property.
They are not a professional valuation, appraisal, legal opinion or financial recommendation. No person should rely on them as the sole basis for a purchase, sale, lease, lending or investment decision.
Yardize does not guarantee the accuracy or completeness of any rent estimate, value estimate, range or confidence score, and no legal claim can be made against us for reliance on this information.
Expected weekly rent
$492
Expected property value
$492,500
Estimated yield
5.19%
Confidence
Medium
Based on the comparable property evidence currently available.
Sales history
| Event | Date | Price | Price per m² |
|---|---|---|---|
| Sale | 22 Dec 1997 | $92,000 | — |
| Sale | 12 Aug 1996 | $80,800 | — |
| Sale | 12 Dec 1990 | $88,750 | — |
| Sale | 26 Oct 1984 | $57,000 | — |
| Sale | 6 May 1982 | $38,000 | — |
Property insights
Building profile
- Unit 7 at 40‑42 Ormond Road, Ascot Vale is a 2‑bedroom, 1‑bathroom apartment with 1 allocated car space and 73 m² of living area
- Built: 1970
Property Features
- Roof terrace shared by building residents
- Ground‑floor shop and offices (mixed‑use)
- Estimated market value around $500k (median)
- Rental yield approx 5% (≈ $470‑$495 pw)
Ownership mix
Approximate occupancy mix for the surrounding area
Owner-occupied
10%
Renter-occupied
10%
Area insights
The surrounding precinct places day-to-day amenities within easy reach. The nearby mix of destinations supports everyday convenience and local foot traffic
- Maribyrnong Rd/Mt Alexander Rd tram stop tram stop; 0.3 km away
- Essendon tram depot tram depot; 0.7 km away
- Ascot Vale Post Office post office; 1.2 km away
- Ormond Park local park; 0.4 km away
- Moonee Valley Racecourse horse racing track; 0.9 km away
Real Estate Agencies
Ordered by:
Popularity is a formula combining local activity, sales speed, and rental speed signals.
Professionals - Taylors Lakes
14.0 km
* Approximate straight-line distances
Nearby schools
Type:
Ordered by:
* Approximate straight-line distances
Frequently asked questions
How many bedrooms, bathrooms, parking spaces, or other key details are listed?
7/40 Ormond Road is described with 2 bedrooms, 1 bathroom, built around 1970
Which primary school is closest to the property?
Ascot Vale Primary School is the nearest primary school, located about 0.5 km away
How many bedrooms does the unit have?
The apartment provides two bedrooms
En.wikipedia.orgWhich public transport options are nearby?
A tram stop on Maribyrnong Road/Mount Alexander Road is approximately 0.3 km away, providing access to routes 57, 59 and 82
What park is within walking distance of the unit?
Ormond Park is a local park situated about 0.4 km from the property
Is there a post office nearby?
Ascot Vale Post Office is located roughly 1.2 km from the unit
What kind of property is this?
7/40 Ormond Road is listed as Apartment in Ascot Vale, VIC
What Calculated market estimate or Estimated weekly rent is available?
The calculated market estimate is $492,500, the calculated weekly rent is $492 per week, and the indicative gross yield is 5.19%
Related profiles
Jump to the related profiles for this address.
Root property
40 Ormond Road
View the main multi-unit property profile covering 9 tracked units.
View root propertySuburb profile
Ascot Vale
Browse the suburb profile, property mix, and related area data.
View suburb profileStreet profile
Ormond Road
See the street-level property page and compare nearby listings.
View street profile