38 Loretto Avenue, Ferntree Gully, Vic 3156

Private Sale: $850,000

House
Type
3
Bedrooms
1
Bathrooms
1
Parkings

Published on Tuesday, August 18, 2026 ( See property details for 38 Loretto Avenue, Ferntree Gully, Vic 3156)

Private Sale: $850,000

Scott Kim Director & Officer in Effective Control (OIEC)
  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile family home on a large, level allotment with exciting redevelopment potential in a sought-after Ferntree Gully location.

🏑 Property Highlights

  • Substantial flat 731sqm allotment with 17.7m frontage
  • Potential for redevelopment into multiple dwellings (STCA)
  • Existing comfortable 3-bedroom, 1-bathroom home
  • Level land ideal for families, investors, builders, and developers
  • Excellent location close to schools, shopping centres, and transport
  • Flexible options to move in, renovate, extend, or build new

✨ Key Features

  • Built-in Robes
  • Open-Plan Living
  • Outdoor Area
  • Water tank
  • Secure Parking
  • Garage
  • Fully fenced
  • Open-Plan Living
  • Waterfront / Views
  • Pet-Friendly
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38 Loretto Avenue
Ferntree Gully, VIC 3156
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Vertical aerial view β€” 38 Loretto Avenue
38 Loretto Avenue — Vertical Aerial  •  Ferntree Gully, VIC 3156  •  Nearmap © 2026

Ferntree Gully is a peaceful, family-friendly suburb renowned for its spacious parks, excellent schools, and convenient access to major roads and shopping centres. The area offers a strong community vibe, outdoor recreational opportunities, and a growing demand for versatile properties, making it ideal for families, investors, and developers seeking long-term growth.

What are the potential uses for this property?
The property offers flexibility to live in, renovate, extend, or redevelop into multiple dwellings (STCA), making it suitable for families, investors, builders, and developers.
Is the property suitable for future development?
Yes, the large, level allotment with a wide frontage provides excellent potential for multi-dwelling development or building your dream home, subject to council approval.
What are the nearby amenities?
The property is close to Fairhills Primary and High Schools, Mountain Gate Shopping Centre, local parks, reserves, public transport, and major roads including EastLink.
Can I move in immediately?
Yes, the existing home is move-in ready, allowing you to occupy the property while planning your future renovations or development.
What is the rental potential of the property?
The property has strong rental potential as a comfortable family home or investment asset, with options to lease while considering future plans.
Are there any existing planning restrictions or zoning overlays that could affect redevelopment plans? Has the property been affected by any flooding or bushfire risks? Are there any easements, covenants, or other restrictions on the land? What are the council requirements and approvals needed for multi-dwelling development? Are there any upcoming planning or construction activities nearby that could impact the property? Is there any history of structural issues or defects with the existing home? What are the ongoing costs associated with maintaining the property and land? Are there any hidden costs or fees related to subdivision or redevelopment? Is the property compliant with all local building codes and regulations? Are there any strata or community title considerations if subdivided or redeveloped?

38 Loretto Avenue, Ferntree Gully, Vic 3156 - More Details

Private Sale: $850,000

*** INSPECTIONS BY APPOINTMENTS ONLY***
Please enquire online or call our office (open 7 days) on (03) 9808 0481 for a PRIVATE VIEWING of this terrific property.

Positioned on a substantial, flat 731sqm (approx.) allotment with an impressive 17.7m (approx.) frontage and no trees restricting the site, this property presents an outstanding opportunity for families, investors, builders and developers alike. The existing 3-bedroom, 1-bathroom home provides comfortable accommodation while you plan your future, offering the flexibility to move straight in, lease it out and generate an income, renovate and extend, or explore the exciting potential to build your dream home or redevelop the site into multiple dwellings (STCA). With its generous dimensions, level land and development-friendly configuration, this is the type of property that offers genuine long-term upside in a tightly held Ferntree Gully location.

Features include:
* Existing 3-bedroom, 1-bathroom home.
* Spacious living and dining area providing comfortable family accommodation.
* Functional kitchen with ample storage and adjoining meals area.
* Three well-proportioned bedrooms.
* Central family bathroom and separate laundry.
* Generous rear yard with plenty of space for children, pets or entertaining.
* Ideal opportunity for families to live in while planning their dream home.
* Strong rental potential for investors seeking an income-producing asset.
* Excellent potential to renovate, extend, rebuild or explore multi-dwelling development (STCA).

Located in a peaceful and family-friendly pocket of Ferntree Gully, the property is conveniently positioned close to Fairhills Primary School, Fairhills High School, Mountain Gate Shopping Centre, local parks, reserves, public transport and everyday amenities. Westfield Knox, Boronia Junction and major arterial roads including EastLink are also easily accessible, placing everything you need within comfortable reach.

Contact Josh Hanvey and Scott Kim on (03) 9808 0481 for more information and secure this home today!

** Sale Method: Private Negotiation
** Inspection: By Appointment Only (Must provide phone number with the enquiry)


Type
House
Bedrooms
3
Bathrooms
1
Parkings
1
House Size
731 mΒ²

Price guide

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