Ferntree Gully at a glance
28,311
People
$884,000
Median sale
$576/wk
Median rent
3.39%
Suburb gross yield
Median sale from 39 recorded sales (last 12 months) — a Districts calculation.
VIC › Ferntree Gully › Myrtle Cres
$1,595,000
Last sold
27 Feb 2025
5
Bedrooms
2
Bathrooms
5
Car spaces
1,061 m²
Land
Districts View
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$1,595,000
27 Feb 2025 · derived via latest_sale
Local land rate: recorded House sales in Ferntree Gully (last 5 years) with land size have a median of $1,218/m² of land (n=50). Districts calculation from recorded sales — not a valuation.
Ferntree Gully at a glance
28,311
People
$884,000
Median sale
$576/wk
Median rent
3.39%
Suburb gross yield
Median sale from 39 recorded sales (last 12 months) — a Districts calculation.
Vs Ferntree Gully
+80.4%
Median sale
Suburb $884,000
-1.51 pp
Gross yield
Suburb 3.39%
Suburb median $884,000 from 39 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
ZN
Zone
NEIGHBOURHOOD RESIDENTIAL ZONE - SCHEDULE 1
NRZ1
Jurisdiction
Knox
Knox, VIC
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICZoned NEIGHBOURHOOD RESIDENTIAL ZONE - SCHEDULE 1 · NRZ1 (ZN). Official parcel area about 987 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Minimum lot size is not loaded, so two-lot subdivision is not confirmed. Official parcel about 987 m² — land size can look like optionality. What reduces it: ENVIRONMENTAL SIGNIFICANCE OVERLAY - SCHEDULE 3; SIGNIFICANT LANDSCAPE OVERLAY - SCHEDULE 2; DESIGN AND DEVELOPMENT OVERLAY - SCHEDULE 5. Pay house money or walk — do not pay site money until a planner confirms a pathway through this stack. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $576/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
3 of 10 questions answered so far
Development optionality of this lot
KnownmediumZoned NEIGHBOURHOOD RESIDENTIAL ZONE - SCHEDULE 1 · NRZ1 (ZN). Official parcel area about 987 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
KnownlowOfficial parcel about 987 m² — land size can look like optionality. What reduces it: ENVIRONMENTAL SIGNIFICANCE OVERLAY - SCHEDULE 3; SIGNIFICANT LANDSCAPE OVERLAY - SCHEDULE 2; DESIGN AND DEVELOPMENT OVERLAY - SCHEDULE 5. Pay house money or walk — do not pay site money until a planner confirms a pathway through this stack.
Lot-level flood
UnknownFlood overlay has not been queried for this lot. Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownNo DA adapter returned applications for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Ferntree Gully at a glance
28,311
People
$884,000
Median sale
$576/wk
Median rent
3.39%
Suburb gross yield
Median sale from 39 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Bell Real Estate MontroseNestled at the foothills of the Dandenong Ranges, this grand double-storey entertainer offers luxurious light-filled living and captivating city and sunset vistas on a meticulously landscaped quarter acre allotment. Designed for the modern upsizer, it seamlessly blends sublime style, functionality, and lifestyle.
A wide illuminated hallway, crowned by soaring ceilings and a dazzling light feature, welcomes you home. Engineered timber floors lead to an expansive open-plan living domain where the gourmet kitchen steals the show. With sleek stone counters, a 900mm Technika stovetop, plumbed-in fridge capabilities, and deluxe walk-in pantry, it’s chef-ready and social to its core. A breakfast bar is perfect for casual eats, while the nearby open study caters to work-from-home professionals or those running a home-based business.
For ultimate relaxion, put your feet up in the dedicated theatre room, complete with built-in speakers, projector, big screen and storage for all your entertainment needs.
Outdoor living is a triumph, with a large covered alfresco overlooking a sparkling solar-heated, salt-chlorinated pool and adjacent lounging zone. Framed by lush, manicured hedges - this entertainer’s haven is as inviting for lazy Sundays as it is for hosting unforgettable gatherings accompanied by the spectacular changing skies at sunset. Upon a lower level is a firepit zone perfect for enjoying conversations late into the night.
Accommodation is equally impressive, offering five spacious bedrooms, each with its own walk-in wardrobe. The downstairs primary suite provides a private retreat for the heads of the house with its own ensuite, while the remaining four bedrooms upstairs share a luxe family bathroom with one bedroom also featuring a walk-in dressing room and a private balcony - ideal for adult children, teens or a guest suite. Also upstairs, a versatile living space/games room is where the kids can hang out with their friends and provides the best spot to watch the fireworks come New Year’s Eve.
Situated just a stroll from Ferntree Gully shops, you’re also moments from Wally Tew Reserve, and St Joseph’s College, with Westfield Knox and scenic national parks only minutes away. This home truly delivers the best of lifestyle and location.
At a Glance:
• Grand-scale living with soaring ceilings and engineered timber floors
• Gourmet kitchen with deluxe walk-in pantry and 900mm Technika appliances
• Dedicated home theatre with built-in speakers, projector and big screen
• Open study perfect for professionals or creatives
• Covered alfresco overlooking a solar-heated, salt-chlorinated pool plus lower firepit zone
• Five oversized bedrooms with walk-in wardrobes (main with ensuite)
• Third living space upstairs
• Triple remote garage with internal access
• Gas ducted heating and evaporative cooling for seasonal comfort
• Downstairs powder room
• Under stairs storage room and ample built-ins
• Plantation shutters
• HDMI throughout
Disclaimer: All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition) Interested parties should make their own enquiries and obtain their own legal advice.
Listing description written by Ryan Bell, Bell Real Estate Montrose — reproduced as published, not verified by Districts.