54 The Avenue Ferntree Gully VIC 3156
Property Details for 54 The Avenue, Ferntree Gully
54 The Avenue, Ferntree Gully is a 11 bedroom, 4 bathroom Unit with 1 parking spaces and was built in 1960. The property has a land size of 1019m2 and floor size of 322m2. While the property is not currently for sale or for rent, it was last sold in February 2022.
Last Listing description (May 2022)
Situated at the end of a no through road on a generous 1023 square metre block is a recently updated 11 Bedroom operational Rooming House producing an attractive income with opportunity to grow!
Over the last 30 years this Rooming House had been operating and is now on offer for a new operator to take over and take advantage of this excellent opportunity.
At present, 11 of the 11 bedrooms are occupied returning $2,490 per week ($129,480 + per annum).
Also on the property is a large garage and storage area (150 square metres approximately) of which could be leased out for additional income.
The property is within walking distance to Burwood Highway, Bus Stops, Local Shops and much more.
For further information or to arrange an inspection please contact Appleby Real Estate!
Property History for 54 The Avenue, Ferntree Gully, VIC 3156
- 22 Feb 2022Sold for $1,100,000
- 15 Jun 2021Listed for Sale Contact Agent
- 03 Feb 2008Listed for Sale PRIVATE SALE
Recent sales nearby
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About Ferntree Gully 3156
The size of Ferntree Gully is approximately 14.0 square kilometres. There are 45 parks, covering nearly 8.8% of the 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 13,809 properties. Over the last 5 years, Houses in Ferntree Gully have seen a 2.93% increase in median value, while Units have seen a 7.75% increase. As at 31 August 2026:
- The median value for Houses in Ferntree Gully is $881,770 while the median value for Units is $686,569.
- Houses have a median rent of $640 while Units have a median rent of $600.
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