46 Loretto Avenue, Ferntree Gully, Vic 3156

$880,000 to $920,000

House
Type
2
Bedrooms
1
Bathrooms
828 m²
Area

Published on Thursday, April 02, 2026 ( See property details for 46 Loretto Avenue, Ferntree Gully, Vic 3156)

$880,000 to $920,000

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A rare development opportunity in Ferntree Gully offering approved plans for two modern, double storey residences on a generous allotment with excellent amenities nearby.

🏡 Property Highlights

  • Approved dual occupancy development with contemporary architectural design
  • Substantial 828 m² land holding with potential for multi-unit development (STCA)
  • Two spacious double storey dwellings, each with four bedrooms and multiple living zones
  • Private open spaces including large backyard and alfresco areas
  • Excellent location close to shops, schools, parklands, and public transport
  • Each dwelling features secure double garages, separate driveways, and modern amenities

✨ Key Features

  • Dual Living
  • Open-Plan Living
  • Ensuite
  • Walk-in Robe
  • Outdoor Area
  • Garage
  • Alfresco areas
  • Separate driveways
  • Contemporary architectural design
  • Ground floor guest bedroom

Ferntree Gully is a highly sought-after suburb known for its family-friendly environment, excellent schools, and lush parklands. It offers convenient access to shopping precincts and public transport, making it ideal for both owner-occupiers and investors. The area combines a peaceful residential setting with strong growth potential, supported by ongoing infrastructure development. Its established community and scenic surroundings make it a desirable place to live and invest.

What is the current zoning and development approval status for this property?
The property has approved town planning for a dual occupancy development, with detailed plans already in place for two double storey residences.
Are there any restrictions or covenants affecting the development potential?
The approved plans and site layout have been designed to comply with local council regulations; however, buyers should verify any specific restrictions or covenants with the relevant authorities.
What are the ongoing costs associated with the property and development?
Ongoing costs may include council rates, land taxes, and any applicable development or construction fees. Buyers should conduct due diligence for detailed financial planning.
Is the property suitable for multi-unit development or other alternative uses?
Yes, the site presents an open canvas with potential for multi-unit development (STCA), offering flexibility for various development options.
What is the condition of the land and any existing structures?
The land is a substantial 828 m² allotment with no existing structures, providing a clean slate for development.
Are there any hidden costs or additional fees associated with the development approval process? Has the site been surveyed recently to confirm boundaries and land dimensions? Are there any zoning restrictions or easements that could impact future development plans? Is there any history of flooding, bushfire risk, or environmental concerns on the site? Are there any nearby construction or planning activities that could affect the property’s value or livability? What are the strata or body corporate considerations if applicable? Are there any existing planning permits or approvals that need renewal or modification? Is the property located within a designated flood zone or bushfire-prone area? Are there any noise or nuisance issues from neighboring properties or infrastructure? What are the future development plans for the surrounding area that could influence property value?

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

$880,000 to $920,000

Type
House
Bedrooms
2
Bathrooms
1
Area
828 m²

Price guide

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