54 Mcmahons RoadFerntree Gully VIC 3156
Property Details for 54 Mcmahons Rd, Ferntree Gully
54 Mcmahons Rd, Ferntree Gully is a 4 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 811m2. While the property is not currently for sale or for rent, it was last sold in February 2015.
Last Listing description (September 2016)
Located in the heart of Ferntree Gully is this 800sqm corner block (approx.), which is rich with potential.
The four bedroom, one bathroom home is an ideal introduction to Melbourne's property market for first home buyers and young families, with close proximity to great schools, quality parks, and all the essential shops, as well as Westfield Knox City. With ample front and back yard space for kids, plus spacious living areas inside, a fully equipped kitchen, study and all your entertaining needs answered by the outdoor alfresco dining area, this property is big enough for the whole family.
To the savvy investor, this property is ideal to start or add to your property portfolio, or as a renovators delight. On an 800sqm (approx.) corner block of General Residential Zone 3 land, with no overlays, there is also the potential for development (STCA).
Property Code: 3508
Property History for 54 Mcmahons Rd, Ferntree Gully, VIC 3156
- 23 Feb 2015Sold for $545,000
- 10 Feb 2015Listed for Sale $490,000 Plus
- 07 Nov 2007Listed for Sale Not Disclosed
Recent sales nearby
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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 13,791 properties. Over the last 5 years, Houses in Ferntree Gully have seen a 16.49% increase in median value, while Units have seen a 19.83% increase. As at 31 March 2026:
- The median value for Houses in Ferntree Gully is $939,232 while the median value for Units is $715,214.
- Houses have a median rent of $630 while Units have a median rent of $583.
Suburb Insights for Ferntree Gully 3156
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