56 Mcmahons Road, Ferntree Gully, VIC 3156 | Property Value & History | OnTheHouse
 
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56 Mcmahons Road
Ferntree Gully VIC 3156

Bedrooms: 4
Bathrooms: 1
Car spaces: 2
Floor area: 423m2
Land area: 748m2
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Property Details for 56 Mcmahons Rd, Ferntree Gully

56 Mcmahons Rd, Ferntree Gully is a 4 bedroom, 1 bathroom House with 2 parking spaces and was built in 1960. The property has a land size of 748m2 and floor size of 423m2. While the property is not currently for sale or for rent, it was last sold in May 2015.

Building Type
House
Year Built
1960
Floor Size
423m2
Land Size
748m2
Local Government
Knox
Lot/Plan
2/LP55431

Last Listing description (January 2017)

A prime opportunity for investment and development, this 4 bedroom home on a near level, rectangular 753 (approx.) sqms delivers abundant opportunity for subdivision, dual occupancy and townhouse construction (STCA). West facing for morning sun and plenty of natural light, the deep flat block is ripe for reinvention, offering enormous potential. Close to schools, shops, the train station and Westfield Knox which has just announced a $450 million expansion an inspection is a must.

Property History for 56 Mcmahons Rd, Ferntree Gully, VIC 3156

A timeline of how this property has performed in the market
Last Sold
$522,000
02 May 2015
  • 02 May 2015
    Sold for $522,000
  • 31 Mar 2015
    Listed for Sale Not Disclosed
  • 01 Jun 1985
    Sold for $65,000
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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 13,792 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.
There are currently 32 properties listed for sale, and 21 properties listed for rent in Ferntree gully on OnTheHouse. According to Cotality's data, 536 properties were sold in the past 12 months in Ferntree gully.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.

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