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Overview
Situated on a substantial and level 731 square meter block with an appealing frontage of approximately 17.7 meters, this property offers significant scope for future growth and development. The flat land with no restrictive trees offers a versatile site that caters to a variety of homeowner or investor aspirations.
The existing residence is a modest, comfortable three-bedroom, one-bathroom home featuring a spacious living and dining area that supports relaxed family living. A functional kitchen with ample storage and adjacent meals area enhances day-to-day convenience. The well-proportioned bedrooms and central bathroom provide practicality whether the home is occupied or leased.
The generous backyard allows ample space for children to play, pets to roam, or for the avid entertainer to utilize outdoor areas. This flexibility appeals to families intending to reside while planning renovations or developers interested in multi-dwelling possibilities subject to council approval.
Ideally located in a quiet, family-friendly sector of Ferntree Gully, the property benefits from proximity to reputable schools such as Fairhills Primary and High School, shopping centers including Mountain Gate, and easy access to major arterial routes like EastLink. A range of parks, reserves, and public transport options are within reach, providing a balanced lifestyle for residents.
This offering is well suited for a variety of buyers, including families seeking a live-in property with future growth potential, investors pursuing a stable rental asset, and builders or developers looking for a strategic site in a sought-after suburb.
Local Market Insights
In Ferntree Gully, Quiet Listings observed 19 new houses entering the market over the last 30 days, down from 21 during the previous 30-day period, with an average advertised asking price of $970,000. The property type mix of listed properties is predominantly Houses at 68%, followed by townhouses (14%), and units (11%). Ray White was the most active agency in this area, representing 96.3% of all new listings in the last 30 days. 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.
Location
Ferntree Gully VIC 3156
Market Insights for Ferntree Gully VIC 3156
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