32 Glenariff St, Ferny Grove is a 3 bedroom, 7 bathroom Townhouse with 7 parking spaces. The property has a land size of 1135m2.
A rare opportunity has arisen for you to add this highly profitable townhouse complex with all 7 units to your investment portfolio. All 7 units are currently tenanted and income-producing with the property and common areas being well maintained.
The complex itself is within walking distance to local primary and high schools, public transport, great western shopping complex and the highly anticipated Ferny Grove train station development known as 'The Fernery' which will expand to include restaurants, cinemas and other shopping precints.
Whether you're looking for capital growth or rental yield, this investment is sure to enhance your portfolio!
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The size of Ferny Grove is approximately 3.8 square kilometres. There are 22 parks, covering nearly 17.3% of the total area. The population of Ferny Grove in 2016 was 5725 people. By 2021 the population was 5871 showing a population growth of 2.6% in the area during that time. The predominant age group in Ferny Grove is 40-49 years. Households in Ferny Grove are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ferny Grove work in a professional occupation.In 2021, 75.90% of the homes in Ferny Grove were owner-occupied compared with 76.50% in 2016.
Ferny Grove has 2,368 properties. Over the last 5 years, Houses in Ferny Grove have seen a 76.56% increase in median value, while Units have seen a 96.72% increase. As at 30 June 2026:
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