SOLD
Sold on 16 Feb 2024 for $441,800

2/1 Pinnacle Avenue
Ferntree Gully VIC 3156

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 512m2
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Property Details for 2/1 Pinnacle Ave, Ferntree Gully

Building Type
Land
Year Built
1964
Land Size
512m2
Local Government
Knox
Lot/Plan
2/PS335863

Last Listing description (February 2022)

Presenting a premier opportunity for the savvy investor, builder or developer, this rare double dwelling delight is being offered as a package and comes complete with plans and permits approved for four townhouses (STCA)( issue date 28 March 2019).

Spanning a total of 1063sqm, the site is currently home to two separate units, offering excellent accommodation for those seeking to lease out whilst final preparations are made. Unit 1 presents a traditional 2-bedroom, 1-bathroom layout, boasting a lounge room with gas log fire, kitchen and meals zone, full sized laundry, high ceilings, split system air conditioning, backyard plus single garage. While Unit 2 offers a 3-bedroom, 1-bathroom layout that embraces a separate lounge, kitchen and meals, study area, laundry, covered outdoor entertaining zone and backyard, gas heating, split system air conditioning, garden shed, single garage plus single carport.

Outlined in the prepared plans are three double storey townhouses plus one single level unit, each with varying layouts. Townhouse one offers: three robed bedrooms, bathroom with toilet, family bathroom, separate toilet, Euro laundry, open plan kitchen, meals and family room, decked entertaining, balcony plus a double garage. Townhouse two and three provide: two robed bedrooms, family bathroom with toilet, second toilet, Euro laundry, open plan kitchen, meals and family room, decked entertaining plus a single garage. While the single level unit presents three robed bedrooms including master with ensuite, bathroom with toilet, laundry, open plan kitchen, meals and family room, decked entertaining plus a double garage.

Positioned in a prized location, close to Mountain Gate Shopping Centre, Wattleview Primary, Fairhills High School, Boronia Junction Shopping Centre, Westfield Knox, trains, parkland plus EastLink Freeway.

Photo ID required at all open for inspections.

Disclaimer: We have in preparing this document used our best endeavours to ensure that the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospective purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquires and refer to the due diligence check-list provided by Consumer Affairs. Click on the link for a copy of the due diligence check-list from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist

Property History for 2/1 Pinnacle Ave, Ferntree Gully, VIC 3156

A timeline of how this property has performed in the market
Last Sold
$441,800
16 Feb 2024
Listed for Rent
$320/w
18 Feb 2019
  • 16 Feb 2024
    Sold for $441,800
  • 02 Nov 2021
    Sold for $593,000
  • 03 Aug 2021
    Listed for Sale Auction 20 Nov 2021
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About Ferntree Gully 3156

The size of Ferntree Gully is approximately 14 square kilometres. It has 45 parks covering nearly 8.8% of total area. The population of Ferntree Gully in 2011 was 25,585 people. By 2016 the population was 26,433 showing a population growth of 3.3% in the area during that time. The predominant age group in Ferntree Gully is 30-39 years. Households in Ferntree Gully are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ferntree Gully work in a professional occupation. In 2011, 78.9% of the homes in Ferntree Gully were owner-occupied compared with 77% in 2016.

Ferntree Gully has 13,640 properties. Over the last 5 years, Houses in Ferntree Gully have seen a 18.71% increase in median value, while Units have seen a 13.29% increase. As at 30 November 2024:

  • The median value for Houses in Ferntree Gully is $874,415 while the median value for Units is $653,840.
  • Houses have a median rent of $600 while Units have a median rent of $555.
There are currently 42 properties listed for sale, and 17 properties listed for rent in Ferntree gully on OnTheHouse. According to CoreLogic's data, 490 properties were sold in the past 12 months in Ferntree gully.

Suburb Insights for Ferntree Gully 3156

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.