FOR SALE
$1,700,000 - $1,800,000

357 Brown Road
Pakenham VIC 3810

Bedrooms: 5
Bathrooms: 2
Car spaces: -
Land area: 12ha
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MUST BE SOLD! ON THE CUSP OF THE URBAN SPRAWL

"Buy before or auction or at auction but this one has to be sold!"
Abutting high-density zoned land and located in one of the fastest-growing growth corridors in the entire southern hemisphere is a property with a price tag that's hard to believe.
Nearly 30 acres of fairly flat, open land that is currently zoned green wedge but holds so much potential for future growth and rezoning possibilities.
Located north of the Grandvue Estate and opposite the Christmas Tree Farm the property is only minutes from all the amenities supporting the booming township of Officer.
Of course, we need to mention the power lines that run through the property, but this is what makes the prospect of purchasing this property so incredible. Where else would you get nearly 30 acres on the cusp of the urban sprawl for this price range? I'll tell you where... no where.
*** If you're worried about the dangers of living near power lines refer to the California Power Line study of 2016 that dismissed concerns around living near power lines (apparently you're more at danger if you've got two microwaves in your home).
And if you weren't looking at land banking or developing in the future, this still makes for an incredibly buy.
The property includes a sturdy family home plus shedding.
The house is equipped with five bedrooms, a study and multiple living zones. It's currently rented by some incredible tenants for $950 as well.
On top of this you've got large shedding, a horse yard and a pool.
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Property Details for 357 Brown Rd, Pakenham

357 Brown Rd, Pakenham is a 5 bedroom, 2 bathroom House. The property has a land size of 12ha. The place is currently for sale with Ray White Officer.

Building Type
House
Land Size
12ha

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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 26,372 properties. Over the last 5 years, Houses in Pakenham have seen a 41.07% increase in median value, while Units have seen a 33.15% increase. As at 31 July 2024:

  • The median value for Houses in Pakenham is $701,624 while the median value for Units is $510,892.
  • Houses have a median rent of $520 while Units have a median rent of $450.
There are currently 255 properties listed for sale, and 39 properties listed for rent in Pakenham on OnTheHouse. According to CoreLogic's data, 1249 properties were sold in the past 12 months in Pakenham.

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Gavin Staindl
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Rachael Dalton
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Ray White Officer
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