40 Loretto Ave, Ferntree Gully is a 2 bedroom, 1 bathroom House and was built in 2020. The property has a land size of 731m2 and floor size of 317m2. While the property is not currently for sale or for rent, it was last sold in March 2017.
Astute investors and developers will want to jump on this fantastic opportunity just off Burwood Highway. A practical two bedroom home is sitting on the 722sqm (approx.) block and could be leased, renovated or redeveloped (subject to council approval). It features a large kitchen and adjoining family room, all enjoying the comforts of a central bathroom. This fabulous location is family friendly, walking distance to Westfield Knox, Fairhills High School and Fairhills Primary, and close to parks, public transport and EastLink.
Additional Features:
*Paved outdoor areas & sheds
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 13,792 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:
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