3 Loretto Ave, Ferntree Gully is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 870m2 and floor size of 144m2. While the property is not currently for sale or for rent, it was last sold in January 2020.
Let's face it, the home on this block is well past its best and not worth worrying about. But with around 869m2 of land, this is clearly a prime development site and will be sold with approved plans and permits to build 2 new homes. And with the hardest and most time consuming part already done for you, this is a readymade development that can be settled, built and back on the market quickly. Position is key here with buses, Fairhills primary and secondary schools within walking distance and you can easily access the shopping, dining and entertainment of Knox City in minutes. A full copy of the plans is available by contacting our office.
On site auction Friday 31st January at 7:00pm.
To view the statement of information use the below link:
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 13,518 properties. Over the last 5 years, Houses in Ferntree Gully have seen a 30.31% increase in median value, while Units have seen a 28.38% increase. As at 31 July 2024:
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