40 Lightwood DriveFerntree Gully VIC 3156
Property Details for 40 Lightwood Dr, Ferntree Gully
40 Lightwood Dr, Ferntree Gully is a 5 bedroom, 2 bathroom House with 2 parking spaces. While the property is not currently for sale or for rent, it was last sold in November 2025. There are other 5 bedroom House sold in Ferntree Gully in the last 12 months.
Last Listing description (November 2025)
Positioned in a quiet, established street, this expansive block presents a rare opportunity for investors, developers, or renovators alike. With two separate dwellings already on-site, there's potential for dual rental income, renovation, or redevelopment - all subject to council approval.
The existing homes are functional and provide a solid starting point for value-adding improvements, or a holding opportunity while you plan your next move. The wide frontage and substantial land size open the door to creative possibilities (STCA), making this a smart long-term play.
Families will appreciate the zoning for Wattle View Primary and Fairhills High, with other reputable schools like St Joseph's College and Mountain Gate Primary also nearby. The location is surrounded by green spaces, including Tim Neville Arboretum and the Dandenong Ranges, and is just minutes from Mountain Gate Shopping Centre, Westfield Knox, and Ferntree Gully Station.
Whether you're looking to invest, renovate, or develop (STCA), this is a versatile property in a high-demand pocket - an opportunity not to be missed.
• Generous 868sqm (approx.) allotment with a wide 38.9m (approx.) frontage
• Two existing dwellings offering immediate rental potential or scope for enhancement
• Excellent development prospects (STCA) in a well-connected Ferntree Gully location
Disclaimer: The information contained herein has been supplied to us and is to be used as a guide only. No information in this report is to be relied on for financial or legal purposes. Although every care has been taken in the preparation of the above information, we stress that particulars herein are for information only and do not constitute representation by the Owners or Agent. We always recommend undertaking your own due diligence.
Property History for 40 Lightwood Dr, Ferntree Gully, VIC 3156
- 24 Nov 2025Sold for $963,000
- 17 Oct 2025Listed for Sale Under Offer
- 24 Feb 2006Sold for $156,000
Recent sales nearby
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0About 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 13,793 properties. Over the last 5 years, Houses in Ferntree Gully have seen a 34.14% increase in median value, while Units have seen a 23.86% increase. As at 30 November 2025:
- The median value for Houses in Ferntree Gully is $971,735 while the median value for Units is $709,593.
- Houses have a median rent of $620 while Units have a median rent of $580.
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