9/1-3 Westley Street, Ferntree Gully VIC 3156
9/1-3 Westley Street, Ferntree Gully VIC 3156
A three-bedroom unit with one bathroom and two parking spaces. Internal area of 106 square metres sits on a 191-square-metre lot. Built circa 2009, it features built-in robes, heating and cooling, and a private low-maintenance outdoor area.
This unit is competitively positioned in Ferntree Gully as a modern low-maintenance option that contrasts with much of the older detached housing stock in the suburb. Its three bedrooms and private outdoor area suit small families or downsizers seeking convenience without upkeep. The built-in robes and year-round climate control add everyday comfort, while the compact lot size keeps grounds maintenance minimal. Demand is supported by its location near good public schools and transport, making it a practical choice for buyers prioritising efficiency and lifestyle balance. The property fits squarely into the market for those wanting a turnkey home in a quiet residential street.
The small land size may limit future renovation or extension opportunities, which could affect long-term resale options for certain buyers. The discrepancy in parking allocation between sources might create confusion during negotiations, potentially narrowing the pool of interested parties. The absence of a dedicated garden space may discourage larger families, although it aligns well with low-maintenance expectations. These factors should be weighed against the property’s modern finishes and convenient location when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 9/1-3 Westley Street, Ferntree Gully VIC 3156
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
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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.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
191m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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