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Sold on 04 Jul 2024 - Price Unavailable

14/40 Army Road
Pakenham VIC 3810

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 94m2
Land area: 188m2
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Property Details for 14/40 Army Rd, Pakenham

14/40 Army Rd, Pakenham is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2010. The property has a land size of 188m2 and floor size of 94m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 2 bedroom Unit sold in Pakenham in the last 12 months.

Building Type
Unit
Year Built
2010
Floor Size
94m2
Land Size
188m2
Local Government
Cardinia
Lot/Plan
3/PS621642

Last Listing description (July 2024)

This attractive two-bedroom unit, located on the north side of the highway, offers a spacious and private living environment. The master bedroom features a large walk-in robe leading to the bathroom, while the second bedroom boasts a built-in robe. The hallway includes additional built-in storage cupboards, enhancing the unit's practicality.

The kitchen is well-appointed with ample storage and bench space, complemented by stainless steel gas appliances. It overlooks the meals area and opens to a spacious family living area, perfect for entertaining.

Outside, a lovely courtyard requires minimal maintenance, offering a peaceful retreat. The property also includes a single car garage with a remote-controlled door.

Conveniently situated just across from Pakenham Hills Primary School and a short drive from parks and new shopping complexes, this property presents an ideal investment opportunity. Currently tenanted until 30th October 2024, it is perfect for investors seeking a secure rental income.

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Property History for 14/40 Army Rd, Pakenham, VIC 3810

A timeline of how this property has performed in the market
Last Sold
04 Jul 2024
Listed for Rent
$350/w
24 Dec 2020
  • 04 Jul 2024
    Sold
  • 08 May 2024
    Listed for Sale $425,000-$460,000
  • 31 Jul 2021
    Sold for $391,000
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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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