OFF MARKET

65 Commercial Road
Ferntree Gully VIC 3156

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 111m2
Land area: 156m2
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Property Details for 65 Commercial Rd, Ferntree Gully

65 Commercial Rd, Ferntree Gully is a 2 bedroom, 2 bathroom House with 2 parking spaces and was built in 2023. The property has a land size of 156m2 and floor size of 111m2. While the property is not currently for sale or for rent, it was last sold in January 2020.

Building Type
House
Year Built
2023
Floor Size
111m2
Land Size
156m2
Local Government
Knox
Lot/Plan
19/LP12289

Last Listing description (May 2020)

Are you looking to finish this year with a big 1005m2 (approx) block of land to add to your portfolio? If so, this near level allotment will help you do just that.
The site is currently occupied by an original condition three bedroom- one-bathroom home (currently tenanted), however, the true value lies in the land and location that it sits on. The allotment is ideal for an astute investor looking to add to their portfolio (STCA). You start from scratch and build up to four new dwellings (as per advertised concept plan) (STCA).
The location adds an extra layer of appeal to the attractive offering. Situated to enjoy everything Ferntree Gully has to offer, this property is conveniently located within walking distance to Mountain Gate Shopping Centre, Ferntree Gully Train Station, open green spaces including Pickett reserve football/cricket oval, Dobson Park, Tim Neville Arboretum, Kokoda Track Memorial Walk (1000 Steps), Wattle View, Mountain Gate and St John the Baptist Primary Schools, as well as St Joseph's College, Westfield Knox and the EastLink and Monash Freeways.

Inspect this potential 4 unit site (STCA) without delay and start thinking about how this fantastic opportunity would work best for you.

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Property History for 65 Commercial Rd, Ferntree Gully, VIC 3156

A timeline of how this property has performed in the market
Last Sold
$878,000
16 Jan 2020
Listed for Rent
$360/w
03 Feb 2018
  • 16 Jan 2020
    Sold for $878,000
  • 31 Oct 2019
    Listed for Sale Contact Agent
  • 25 Jan 2018
    Listed for Rent - Price not available
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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.

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