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Sold on 17 Aug 2024 for $718,000

3/40 Mcmahons Road
Ferntree Gully VIC 3156

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 101m2
Land area: 222m2
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Property Details for 3/40 Mcmahons Rd, Ferntree Gully

3/40 Mcmahons Rd, Ferntree Gully is a 2 bedroom, 1 bathroom Townhouse with 2 parking spaces and was built in 1995. The property has a land size of 222m2 and floor size of 101m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 2 bedroom Townhouse sold in Ferntree Gully in the last 12 months.

Building Type
Townhouse
Year Built
1995
Floor Size
101m2
Land Size
222m2
Local Government
Knox
Lot/Plan
3/PS518454

Last Listing description (December 2024)

Leaving you wanting for nothing, this trendy unit invites easy living for first home buyers, downsizers or investors, whilst evoking an incredible sense of space with its streamlined indoor-outdoor flow.

Highlights:

Two robed bedrooms, including a master bedroom benefitting from his/her mirrored built-in-robes plus ensuite-style access to the family bathroom, further serviced by a separate toilet and laundry.

Modern flooring and high ceilings grace the spacious open plan living and dining zone.
The sparkling kitchen displays stylish stone-look benchtops and matching splashbacks, stainless steel appliances, Westinghouse dishwasher, large pantry and breakfast bench, with a high privacy ledge hiding any mess from view.
Sliding doors extend the open plan domain outside onto a delightful, paved entertaining zone and accompanying lawn area.
Temperature controlled with ducted heating and split-system air conditioning.
Double garage with internal access.

Location:

500m from bus route 732 & 967
650m to Wattle View Primary School
900m to Fairhills Primary School
Easy access to Fairhills High School
4 minute drive to Mountain Gate Shopping Centre
Moments from Westfield Knox Shopping Centre
Close to Eastlink

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Property History for 3/40 Mcmahons Rd, Ferntree Gully, VIC 3156

A timeline of how this property has performed in the market
Last Sold
$718,000
17 Aug 2024
Listed for Rent
$400/w
06 Nov 2017
  • 17 Aug 2024
    Sold for $718,000
  • 24 Jul 2024
    Listed for Sale AUCTION: $640,000 - $690,000
  • 09 Oct 2018
    Sold for $580,000
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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 13,639 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 43 properties listed for sale, and 16 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.

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