40 Lightwood Drive,Ferntree Gully
Positioned in a quiet, established street, this expansive block presents a rare opportunity for investors, developers, or renovators alike. With two separate dwellings already on-site, there's potential for dual rental income, renovation, or redevelopment - all subject to council approval.
The existing homes are functional and provide a solid starting point for value-adding improvements, or a holding opportunity while you plan your next move. The wide frontage and substantial land size open the door to creative possibilities (STCA), making this a smart long-term play.
Families will appreciate the zoning for Wattle View Primary and Fairhills High, with other reputable schools like St Joseph's College and Mountain Gate Primary also nearby. The location is surrounded by green spaces, including Tim Neville Arboretum and the Dandenong Ranges, and is just minutes from Mountain Gate Shopping Centre, Westfield Knox, and Ferntree Gully Station.
Whether you're looking to invest, renovate, or develop (STCA), this is a versatile property in a high-demand pocket - an opportunity not to be missed.
- Generous 868sqm (approx.) allotment with a wide 38.9m (approx.) frontage
- Two existing dwellings offering immediate rental potential or scope for enhancement
- Excellent development prospects (STCA) in a well-connected Ferntree Gully location
Disclaimer: The information contained herein has been supplied to us and is to be used as a guide only. No information in this report is to be relied on for financial or legal purposes. Although every care has been taken in the preparation of the above information, we stress that particulars herein are for information only and do not constitute representation by the Owners or Agent. We always recommend undertaking your own due diligence.
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