977 Burwood HighwayFerntree Gully VIC 3156
Property Details for 977 Burwood Hwy, Ferntree Gully
Last Listing description (July 2020)
SOLD PRIOR TO AUCTION
In what could only be described as the largest development site offered in the area in a number of years, this parcel of land spread over 3 titles with 2 street frontages offers a landmark opportunity that cannot be overstated. Currently operating as the Knoxbrooke Community Centre, the former school site is zoned Neighourhood Residential Zone - Schedule 1 (NRZ1) and offers many options for its new owner including large scale residential subdivision or townhouse development, health/aged care or retirement living and more that are all subject to council approval. As it stands, the property features educational and administration buildings, off street parking and lovely landscaped gardens including a generous grassed area at the rear of the block fronting Winwood Drive. And it benefits from a brilliant position within walking distance of local shops and buses while St Josephs College, Ferntree Gully Village and Mountain Gate Shopping Centre are all in close proximity.
To view the Statement of Information please use the below link:
https://drive.google.com/drive/folders/1KbSCFI2rnJ6SDdDSUoWdhmFeWySL3yWd?usp=sharing
Property History for 977 Burwood Hwy, Ferntree Gully, VIC 3156
- 24 Oct 2019Sold for $5,388,160
- 13 Sep 2019Listed for Sale Auction - ($5,400,000 - $5,940,000)
- 30 Jan 2019Listed for Sale EXPRESSIONS OF INTEREST
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0About 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 13,805 properties. Over the last 5 years, Houses in Ferntree Gully have seen a 4.94% increase in median value, while Units have seen a 10.32% increase. As at 31 July 2026:
- The median value for Houses in Ferntree Gully is $888,400 while the median value for Units is $690,736.
- Houses have a median rent of $640 while Units have a median rent of $600.
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