2 California CrescentFerntree Gully VIC 3156
Property Details for 2 California Cres, Ferntree Gully
2 California Cres, Ferntree Gully is a 3 bedroom, 1 bathroom House. The property has a land size of 723m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 3 bedroom House sold in Ferntree Gully in the last 12 months.
Last Listing description (September 2024)
Rarely will you find a property with so much flexibility and future opportunity, perfect for the astute investor, developer with approved plans and permits for 2 double storey dwellings or a new home builder looking for dual home options for multi-generational living.
Located near Fairhills Primary School and Fairhills High School it is the perfect location for convenience, being moments away from Westfield Knox shopping centre, Mountain Gate Shopping Centre, Fair Park, buses, Ferntree Gully and Boronia Train Stations and the Eastlink and Monash Freeways.
The current plans include a family sized four-bedroom home, designed to suit the long term resident with multiple living spaces, separate office and a double garage. The rear dwelling features a two-bedroom townhouse with exceptional space for living, an additional office/bedroom space with upstairs and downstairs living. The designs have been created with living in mind and are very spacious, it represents a rare opportunity with a fantastic future return in mind.
Positioned on a large 723m2 (approx.) the existing 3 bedroom family home is currently tenanted with great tenants, giving you time and flexibility with return whilst you put the existing plans and approved permits to work.
Inspection of this genuine real estate opportunity is a must!
Vacant Images used before tenancy.
Property History for 2 California Cres, Ferntree Gully, VIC 3156
- 18 Sep 2024Sold for $770,000
- 16 Jul 2024Listed for Sale Not Disclosed
- 20 Jul 2022Listed for Rent $440 / week
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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 13,517 properties. Over the last 5 years, Houses in Ferntree Gully have seen a 28.44% increase in median value, while Units have seen a 23.61% increase. As at 31 August 2024:
- The median value for Houses in Ferntree Gully is $866,574 while the median value for Units is $665,439.
- Houses have a median rent of $583 while Units have a median rent of $530.
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