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885 Mcdonalds Drain Road
Pakenham South VIC 3810

Bedrooms: -
Bathrooms: -
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Land area: 67ac
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LAND OF OPPORTUNITY! PERFECT TIME FOR AN INVESTMENT

Raine and Horne is delighted to present for sale 885 Mcdonalds Drain, Pakenham South a strategic opportunity with a lot of future potential and in close proximity to land held by some of Australia's largest developers and Investors.
Extraordinary scenes, breathtaking architecture, and a first-class address places this magnificent property as one of Pakenham South's best offerings. Encompassing 67 acres (approx) with rural views makes this property worthwhile having a look. This property is located at the most sorted corner of Hall Road and Mcdonalds Drain Road in Pakenham South.
This property has an option of long term settlement for investors and land bankers.
Key Features and Amenities:
> Two Road Frontage Property
> 3 Bedrooms and 2 Bathrooms house
> Sizable Hay Shed and Machinery shed
> Bore Water with water pumping rights supply more than enough water for Livestock.
> Minutes away from Pakenham South & Pakenham West Employment PSP
> 8 Minutes from Monash Freeway
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Property Details for 885 Mcdonalds Drain Rd, Pakenham South

Building Type
Land
Land Size
67ac

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About Pakenham South 3810

The size of Pakenham South is approximately 22.7 square kilometres. The population of Pakenham South in 2011 was 235 people. By 2016 the population was 198 showing a population decline of 15.7% in the area during that time. The predominant age group in Pakenham South is 60-69 years. Households in Pakenham South are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Pakenham South work in a managers occupation. In 2011, 70.9% of the homes in Pakenham South were owner-occupied compared with 72.4% in 2016..

Pakenham South has 126 properties. Over the last 5 years, Houses in Pakenham South have seen a 11.26% increase in median value. As at 31 August 2024:

  • The median value for Houses in Pakenham South is $1,429,760 while the median value for Units is $455,624.
There are currently 5 properties listed for sale, and no properties listed for rent in Pakenham south on OnTheHouse. According to CoreLogic's data, 4 properties were sold in the past 12 months in Pakenham south.

Suburb Insights for Pakenham South 3810

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Atul Sama (Sunny)
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Amandeep Singh
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Raine & Horne Land Victoria
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.