IN ROOM AUCTION @ 5/1849 Ferntree Gully Road, Ferntree Gully
A rare opportunity has come to market, offering 3,554 sqm (approx.) of prime Hallam land. With secure, private access via a sealed driveway. The site presents significant potential for developers and investors seeking a substantial landholding with approved development plans, this exceptional offering will be sold at an In-Room Auction.
While the land currently accommodates an existing residence, the true value lies in the approved plans and permits already in place for 10 generously sized, brand-new single-level houses - comprising 6 x four-bedroom, 3 x three-bedroom, and 1 x two-bedroom homes. In a market experiencing a genuine shortage of new builds, this is a rare chance to deliver 10 homes into an area with strong demand from both investors and owner-occupiers alike.
With negative gearing now removed for established residential property from 1 July 2027, investor demand is shifting firmly toward new builds - which retain access to negative gearing and the 50% CGT discount. Coupled with the well-documented shortage of new housing stock, this site offers a rare opportunity to deliver 10 brand-new, tax-advantaged homes into a market primed for exactly this kind of supply.
Positioned within convenient reach of the Monash Freeway, Hallam Recreation Reserve, Coles Hallam, Hallam Senior College, and Frog Hollow Reserve, the location offers strong amenity and connectivity for future residents.
In Room Auction Tuesday 28th of July at 6pm
