46 Loretto Avenue Ferntree Gully, VIC 3156

Positioned in a well established and highly sought after pocket of Ferntree Gully, this exceptional development opportunity presents approved plans for a contemporary dual occupancy project, offering a compelling prospect for investors, builders and developers seeking their next venture. Additionally, the site presents as an open canvas with the flexibility to explore alternative multi unit development options (STCA), further enhancing its appeal. The perfect blend of lifestyle and investment build two dwellings, live in one and rent the other for ongoing income.

Set on a substantial allotment, the property comes with thoughtfully designed plans for two double storey residences, each offering generous proportions, functional layouts and modern living zones tailored to today's lifestyle expectations. Each dwelling comprises four generous sized bedrooms, including two bedrooms with ensuites and a semi ensuite complemented by a powder room, delivering comfort and flexibility for modern family living. The design showcases spacious open plan living areas, a well appointed kitchen with a walk in pantry (WIP), private open space including a large backyard, and secure garaging, creating strong appeal for future occupants and long term investment potential.

The approved plans, detailed within the documentation, highlight a well considered site layout including dedicated driveways, private open spaces and efficient use of the land. Each dwelling boast their own title with no common or shared land, and have been designed to maximise liveability, natural light and privacy, ensuring broad market appeal upon completion.

Location remains a key driver of value, and this address delivers outstanding convenience. Positioned within close proximity to local shops, established schools, parklands and public transport options, the site offers a lifestyle that will attract both owner occupiers and tenants alike. Easy access to major arterials further enhances connectivity to surrounding suburbs and key amenities.
With planning approval already in place, this is a rare opportunity to secure a ready to go project in a proven growth location, allowing buyers to move forward with confidence and clarity.

Features:

• Town planning approved development
• Dual occupancy project
• Two double storey dwellings
• Four generous sized bedrooms per dwelling
• Two ensuites plus semi ensuite with powder room
• Multiple living zones
• Open plan kitchen, living and dining
• Kitchen with walk in pantry (WIP)
• Private open space with large backyard
• Double garage to each dwelling
• Separate driveways
• Contemporary architectural design
• Ensuite and walk in robe to master
• Ground floor guest bedroom
• Powder room to each dwelling
• Dedicated laundry
• Alfresco areas
• Well considered site layout
• Generous land holding
• Established residential street
• Strong investment potential
• Ready for development
• Open canvas with multi unit development potential

Location
Enjoy the convenience of a well connected Ferntree Gully address, moments from local shopping precincts, quality schools, parklands and public transport. The area offers a balanced lifestyle with easy access to everyday amenities while maintaining a peaceful residential setting, making it highly attractive for future occupants. Walking distance to Fairhills High School, Fairhills Primary School and Fair Park.

Inspections by appointment only, please get in contact.