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Back 40 Lightwood Drive
Off Market

40 Lightwood Drive

Ferntree Gully VIC 3156

5
2
2
House
Last sold for $963,000
Andy ZengAndy Zeng, last sold this property on 23 November 2025 after 37 days on market.

Overview

Dual-Dwelling Opportunity with Development Potential (STCA)

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.

Features

5 bedrooms
2 bathrooms
2 carspaces
2 open car spaces
House

Estimated Value

Based on this property and similar 5 bedroom houses sold in Ferntree Gully over the last 12 months, the estimated median property value of 40 Lightwood Drive is $1.29m.

Median value
$1.29m
Estimated value range
$840k - $1.65m
Median days on market
29
Estimated value trend
14%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Ferntree Gully. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 40 Lightwood Drive

2025
Sold
$963,000
23 Nov 2025 by Andy Zeng, of McGrath Box Hill

Happy sellers in Ferntree Gully

85%
85% of sellers in Ferntree Gully reported that their sale price either exceeded or met their price expectations.

Ferntree Gully stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 110 reviews in Ferntree Gully over the last 12 months.

Local market activity for 5 bedroom houses in Ferntree Gully

In the last 12 months, 34 five-bedroom houses similar to 40 Lightwood Drive, have been sold.

This represents a 36% decrease in five-bedroom houses sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Ferntree Gully

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Rohin Arora

Sellers who recommend Rohin Arora have praised them for being local expert, clear communication, responsive, friendly, honest, dedicated and reliable

  •   5   (115 reviews)
  •  26 Reviews in Ferntree Gully
  •  22 Sales in Ferntree Gully
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Tom Tsiagalos

Sellers who recommend Tom Tsiagalos have praised them for being local expert, clear communication, honest, reliable, supportive, friendly and well-prepared

  •   4.9   (189 reviews)
  •  22 Reviews in Ferntree Gully
  •  29 Sales in Ferntree Gully
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Daniel Cripps

Sellers who recommend Daniel Cripps have praised them for being local expert, clear communication, supportive, honest, responsive, reliable and friendly

  •   4.9   (357 reviews)
  •  9 Reviews in Ferntree Gully
  •  29 Sales in Ferntree Gully
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Janine Rule

Sellers who recommend Janine Rule have praised them for being local expert, clear communication, friendly, honest, supportive, pleasant and reliable

  •   4.9   (73 reviews)
  •  4 Reviews in Ferntree Gully
  •  10 Sales in Ferntree Gully
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