1/392 Scoresby Road, Ferntree Gully VIC 3156
1/392 Scoresby Road, Ferntree Gully VIC 3156
Unit on Scoresby Rd | School-zone family demand | Low-maintenance layout | Traffic exposure trade-off | Boutique rear unit
As a unit within the Scoresby Road corridor, this property offers a lower-maintenance alternative to the area’s older detached houses. Its position in a family-oriented pocket with Fairhills schools and park access supports steady demand from downsizers and first-home buyers. The modern interior finishes and private courtyard, typical of boutique rear units in this street, add practical appeal. While road exposure is a factor, the convenience of nearby retail, transport, and green space strengthens its competitive position.
The property’s value may be influenced by its position on a main road, which could limit some family buyers despite its convenience. A smaller land component compared to nearby houses might constrain price growth, though modern finishes and a functional layout could offset this. The mix of surrounding stock, from older homes to newer units, might affect perceived desirability. Condition and presentation will likely matter more than land size for this type of property.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/392 Scoresby Road, Ferntree Gully VIC 3156
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
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Market Insight
Ferntree Gully is a mature residential market drawing professionals aged 30-39, who dominate buyer activity. Houses spend a median 22 days on the market and units just 16, with auction clearance rates of 81.2% and 83.3%, indicating strong demand. The median house price is $931,000 after 4.49% annual growth; units have risen 8.3% to $720,000, a spread that suggests affordability constraints are shifting buyers toward higher-density stock. Rental yields sit at 4.4% for both, with house rents up 4.2% and unit rents 7.8% over the year, reinforcing income potential. The clearance rates and rental momentum point to a tight market, with unit values likely to keep pace as house prices test buyer capacity.
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PropCred Estimated Value
Comparable Sales: 2/456A Scoresby Road ($799k–$849k), 1/408 Scoresby Road ($860k–$880k) | Property Price Band: $750k–$850k | Value Drivers: condition, layout, school proximity
Bedrooms
3
Bathroom
1
Parking
2
Land
277m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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