104/265 Grange Road, Ormond VIC 3204

2 bed 1 bath unit | Ormond school zone appeal | strong rental yield potential | off-market chance | no premium finishes confirmed This property is considered competitively positioned within Ormond’s apartment market, primarily because of its access to the McKinnon Secondary College catchment, a strong draw for families and investors seeking long-term demand. The unit offers a standard 2/1/1 layout, which is well-suited to first-home buyers or downsizers looking for low-maintenance living close to train access and suburban amenity. A similar unit within the same building recently achieved a rental yield near 5.9 percent, suggesting this property may offer attractive income potential. The off-market status gives it a less competitive buying process, which could be an edge for a prepared buyer. The value of this property may be influenced most directly by its interior condition and floor level, neither of which is confirmed from available details. Without verified renovations or a premium aspect, it might compete primarily on location rather than specification. Buyers should weigh the benefit of the school zone against the risk of proximity to other similar units in the same complex, which could limit future price growth if oversupply emerges. A thorough inspection is recommended to assess whether the unit justifies a price above its closest building comparables.