1186 Burwood HighwayUpper Ferntree Gully VIC 3156
Property Details for 1186 Burwood Hwy, Upper Ferntree Gully
Last Listing description (August 2021)
This amazing development site is located on Burwood Highway, directly over the road from the Train Station and at the doorstep of the beautiful and ever popular Dandenong Ranges.
The site is currently leased on a monthly tenancy offering short or long term holding income while plans and permits are organised.
The Details:
- Holding income: $3,947.48 + GST Per Month
- Zoning: Commercial 1 offering the potential for both commercial and residential development (STCA)
- Three (3) street frontages
- Within 50 metres of local supermarket, post office and bakery
- Great access to major arterials via Burwood Highway
For sale by Expressions Of Interest Closing Wedensday 28th of July at 2.00pm
Property History for 1186 Burwood Hwy, Upper Ferntree Gully, VIC 3156
- 28 Jun 2024Sold for $1,925,000
- 30 Jul 2021Sold for $1,475,000
- 02 Jul 2021Listed for Sale Contact Agent
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About Upper Ferntree Gully 3156
The size of Upper Ferntree Gully is approximately 3.6 square kilometres. It has 6 parks covering nearly 8.9% of total area. The population of Upper Ferntree Gully in 2011 was 3,221 people. By 2016 the population was 3,429 showing a population growth of 6.5% in the area during that time. The predominant age group in Upper Ferntree Gully is 50-59 years. Households in Upper Ferntree Gully are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Upper Ferntree Gully work in a professional occupation. In 2011, 83.6% of the homes in Upper Ferntree Gully were owner-occupied compared with 84.4% in 2016.
Upper Ferntree Gully has 1,545 properties. Over the last 5 years, Houses in Upper Ferntree Gully have seen a 23.62% increase in median value, while Units have seen a 13.35% increase. As at 31 October 2024:
- The median value for Houses in Upper Ferntree Gully is $900,009 while the median value for Units is $578,518.
- Houses have a median rent of $575 while Units have a median rent of $388.
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