Corner Development Opportunity on the Ferntree Gully/Scoresby Border (STCA)

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382 Scoresby Road, Ferntree Gully VIC 3156

$820,000-$900,000

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$820k - $861k Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 2 Cars 959 m²

Listed: yesterday

Updated: 7 hours ago

Overview

This substantial corner property on Scoresby Road and Amelia Street offers a prime development opportunity with approximately 959 square metres of land. Positioned with prominent main road exposure and a quieter street crossover, it provides excellent access and visibility that are key assets for builders, investors, or developers aiming to explore townhouse or multi-dwelling projects subject to council approval.

Currently holding a three-bedroom home slated for removal, the site offers a clear canvas to realise future potential in one of Ferntree Gully’s strategic locations near the border with Scoresby. The generous block size ensures ample space for various development configurations while benefiting from convenient vehicle access from Amelia Street, enhancing functionality and ease of use.

The mix of a well-connected frontage complemented by rear access is particularly appealing for those looking to maximise development scale or incorporate multi-dwelling designs. This flexibility makes the property suitable for developers prioritizing exposure and practical layouts, as well as investors seeking long-term growth driven by location and land size.

Approximately 959m² corner block offering scale and flexibility
Dual street access combining main road prominence with quieter side street convenience
Existing three-bedroom dwelling in place, ready for removal to create an ideal development site

Overall, this property offers a rare development parcel in an established suburb, providing a solid foundation for future projects with genuine potential for value enhancement. It is well suited to those targeting opportunities in expanding residential precincts with a balance of access, size, and visibility.

Local Market Insights

In Ferntree Gully, Quiet Listings observed 22 new houses entering the market over the last 30 days, down from 24 during the previous 30-day period, with an average advertised asking price of $948,318. The property type mix of listed properties is predominantly Houses at 56%, followed by units (22%), and townhouses (17%). The most active agency for houses in the Ferntree Gully area is currently Ray White, representing 41% of new listings. 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.