FOR SALE
$750,000 - $800,000

151 Pakenham Road
Pakenham VIC 3810

Bedrooms: 3
Bathrooms: 1
Car spaces: 3
Floor area: 13m2
Land area: 1459m2
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ONE OF THE LAST REMAINING AFFORDABLE PROSPECT IN PAKENHAM

"PRIME DEVELOPMENT OPPORTUNITY - MASSIVE 1458m² LOT"
Unlock the potential of this expansive 1458m² land parcel, perfect for a development of new units. Located in a thriving community, this property offers an unmatched opportunity for savvy investors and developers. Of course, subject to council approval.
Exceptional Location
- Just a short walk to public transport and the esteemed Beaconhills College
- A quick drive to Pakenham's bustling Main Street and Marketplace Shopping Centre, where you can enjoy a wide array of shopping and dining options
Existing Dwelling Features:
- Single-storey home with three bedrooms and one central bathroom
- Functional kitchen with adjacent dining room
- Two separate lounge areas
- Ducted heating, a fireplace, and split system for year-round comfort
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Property Details for 151 Pakenham Rd, Pakenham

151 Pakenham Rd, Pakenham is a 3 bedroom, 1 bathroom House with 3 parking spaces. The property has a land size of 1459m2 and floor size of 13m2. The place is currently for sale with Ray White Officer.

Building Type
House
Floor Size
13m2
Land Size
1459m2

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About Pakenham 3810

The size of Pakenham is approximately 85.9 square kilometres. It has 124 parks covering nearly 5.8% of total area. The population of Pakenham in 2011 was 33,998 people. By 2016 the population was 46,408 showing a population growth of 36.5% in the area during that time. The predominant age group in Pakenham is 0-9 years. Households in Pakenham are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Pakenham work in a trades occupation. In 2011, 67.6% of the homes in Pakenham were owner-occupied compared with 65% in 2016.

Pakenham has 26,462 properties. Over the last 5 years, Houses in Pakenham have seen a 35.09% increase in median value, while Units have seen a 27.84% increase. As at 31 October 2024:

  • The median value for Houses in Pakenham is $695,591 while the median value for Units is $503,582.
  • Houses have a median rent of $540 while Units have a median rent of $460.
There are currently 239 properties listed for sale, and 55 properties listed for rent in Pakenham on OnTheHouse. According to CoreLogic's data, 1231 properties were sold in the past 12 months in Pakenham.

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Suburb Insights for Pakenham 3810

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Gavin Staindl
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Rachael Dalton
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Ray White Officer
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