FOR SALE
$850,000 - $900,000 - Activity Zone!!

59 Princes Highway
Pakenham VIC 3810

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 983m2
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ACTIVITY ZONE PROPERTY IN PAKENHAM

Located at the strategic junction of 59 Princes Highway, Pakenham, this expansive plot spans approximately 983m2 and is imbued with exceptional development potential thanks to its Activity Zoning classification. This prime piece of real estate offers developers an unparalleled opportunity to capitalize on its prominent position along the iconic Princes Highway, ensuring maximum visibility and accessibility.
The existing residence on the site presents a unique opportunity for creative renovation or complete redevelopment, offering the flexibility to imprint a visionary design or to pursue a transformative project that leverages the full potential of this location.
This is a rare opportunity to play a pivotal role in the evolution of Pakenham's landscape. We invite you to get in touch today to explore the vast possibilities this property has to offer and to take the first step towards realizing your development ambitions at this prime location.
Call Shan on 0416 891 662 to arrange an inspection!
Disclaimer: We have in preparing this document used our best endeavours to ensure that the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability with respect to any errors, omissions, inaccuracies or misstatements in this document. Prospect purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquiries and refer to the due diligence checklist provided by Consumer Affairs. Click on the link for a copy of the due diligence checklist from Consumer Affairs.
http://www.consumer.vic.gov.au/duediligencechecklist
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Property Details for 59 Princes Hwy, Pakenham

59 Princes Hwy, Pakenham is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 983m2. The place is currently for sale with Wise Group.

Building Type
House
Land Size
983m2

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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 26,412 properties. Over the last 5 years, Houses in Pakenham have seen a 40.57% increase in median value, while Units have seen a 28.24% increase. As at 31 August 2024:

  • The median value for Houses in Pakenham is $704,031 while the median value for Units is $493,764.
  • Houses have a median rent of $520 while Units have a median rent of $450.
There are currently 254 properties listed for sale, and 33 properties listed for rent in Pakenham on OnTheHouse. According to CoreLogic's data, 1265 properties were sold in the past 12 months in Pakenham.

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Shan Dias
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Vitaldi Cooray
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Wise Group
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