Type of Property: Residential

Purchase Type: House

Purchases: $913,000.

Address: 2 Gibbs Road, Ferntree Gully, VIC 3156

Location: Perfectly positioned, this property is zoned for both Wattletree and Fairhills Primary Schools, offering exceptional convenience. Enjoy the serenity of being within walking distance to the beautiful Arboretum, as well as Fairhills High School. You’re just minutes away from the vibrant Mountain Gate and Knox City Shopping Centres, while Ferntree Gully Train Station and major freeways are only 5 minutes from your door. Don’t miss the chance to secure this prime location!

Method of sale: Auction. This was a popular property with buyers, creating an overheated auction with many aggressive bidders. 

The combination of large land that’s suited to multi dwelling development through subdivision and having a rentable house on the land raised allot of interest.

Our auction strategy on the day was understanding market value and bid slightly above to knock or shock competing bidders. Our clint was willing to pay slightly above market value to secure a property that gave him long term options.

Purchased by Mark Ribarsky