46 Loretto Avenue, Ferntree Gully, VIC 3156 | House for sale | OnTheHouse
 
FOR SALE
$880,000 to $920,000

46 Loretto Avenue
Ferntree Gully VIC 3156

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Land area: 828m2
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Two Side by Side Townhouses with Town Planning Approval

Positioned in a well established and highly sought after pocket of Ferntree Gully, this exceptional development opportunity presents approved plans for a contemporary dual occupancy project, offering a compelling prospect for investors, builders and developers seeking their next venture. Additionally, the site presents as an open canvas with the flexibility to explore alternative multi unit development options (STCA), further enhancing its appeal. The perfect blend of lifestyle and investment build two dwellings, live in one and rent the other for ongoing income.
Set on a substantial allotment, the property comes with thoughtfully designed plans for two double storey residences, each offering generous proportions, functional layouts and modern living zones tailored to today's lifestyle expectations. Each dwelling comprises four generous sized bedrooms, including two bedrooms with ensuites and a semi ensuite complemented by a powder room, delivering comfort and flexibility for modern family living. The design showcases spacious open plan living areas, a well appointed kitchen with a walk in pantry (WIP), private open space including a large backyard, and secure garaging, creating strong appeal for future occupants and long term investment potential.
The approved plans, detailed within the documentation, highlight a well considered site layout including dedicated driveways, private open spaces and efficient use of the land. Each dwelling boast their own title with no common or shared land, and have been designed to maximise liveability, natural light and privacy, ensuring broad market appeal upon completion.
Location remains a key driver of value, and this address delivers outstanding convenience. Positioned within close proximity to local shops, established schools, parklands and public transport options, the site offers a lifestyle that will attract both owner occupiers and tenants alike. Easy access to major arterials further enhances connectivity to surrounding suburbs and key amenities.
With planning approval already in place, this is a rare opportunity to secure a ready to go project in a proven growth location, allowing buyers to move forward with confidence and clarity.
Features:
• Town planning approved development
• Dual occupancy project
• Two double storey dwellings
• Four generous sized bedrooms per dwelling
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Property Details for 46 Loretto Ave, Ferntree Gully

46 Loretto Ave, Ferntree Gully is a 2 bedroom, 1 bathroom House. The property has a land size of 828m2. The place is currently for sale with Ray White Ferntree Gully.

Building Type
House
Land Size
828m2
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About Ferntree Gully 3156

The size of Ferntree Gully is approximately 14.0 square kilometres. It has 45 parks covering nearly 8.8% of total area. The population of Ferntree Gully in 2016 was 26428 people. By 2021 the population was 27398 showing a population growth of 3.7% 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 2021, 76.30% of the homes in Ferntree Gully were owner-occupied compared with 77.00% in 2016.

Ferntree Gully has 13,776 properties. Over the last 5 years, Houses in Ferntree Gully have seen a 12.49% increase in median value, while Units have seen a 18.28% increase. As at 30 April 2026:

  • The median value for Houses in Ferntree Gully is $926,473 while the median value for Units is $715,009.
  • Houses have a median rent of $630 while Units have a median rent of $595.
There are currently 39 properties listed for sale, and 23 properties listed for rent in Ferntree gully on OnTheHouse. According to Cotality's data, 518 properties were sold in the past 12 months in Ferntree gully.

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Ben Thomas
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Cassidy Mclaren
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Ray White Ferntree Gully
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