1/31 Conn Street, Ferntree Gully VIC 3156
1/31 Conn Street, Ferntree Gully VIC 3156
This is a 2-bedroom, 1-bathroom townhouse with 2 toilets, 1 parking space, and approximately 177m² of land. It features built-in robes, floorboards, air conditioning, a balcony, and a water tank. The property is zoned for Mountain Gate Primary and Fairhills High School.
This townhouse is competitively positioned as an entry-level opportunity within a suburb dominated by larger, detached homes. Its smaller footprint and lower price point make it particularly suitable for first-home buyers or investors seeking a lower-cost foothold in the Knox area. The presence of a balcony and modern finishes like floorboards gives it a contemporary edge over older units in the same bracket. Its location within a quiet residential complex offers a balance of privacy and community, and the absence of bushfire or flood overlays removes a common concern for buyers in the outer east.
The recent sale of an identical unit in the same complex for $620,000 provides a strong, direct price signal, suggesting the listed range may be conservative. However, the small land size of 177m² may limit long-term capital growth compared to larger properties in the suburb. Buyers should also consider that the property’s townhouse configuration might offer less privacy than a detached house, which could affect resale appeal. The rental yield of approximately 4.2% is reasonable but not exceptional, so investors should weigh this against potential for modest appreciation.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/31 Conn Street, Ferntree Gully VIC 3156
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
1
URL has been copied successfully!
Market Insight
Ferntree Gully is a well-established suburb with a professional demographic, underpinning its stable market positioning. Demand is driven by young professionals, reflected in brisk sales and strong auction clearance rates. Recent price growth has been solid across both houses and units, with a notably fast-moving market indicating sustained buyer competition. Future growth is supported by rising rental demand, though the pace of capital appreciation may be tempered by broader affordability pressures.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
177m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!