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Sold on 27 Mar 2024 for $360,000

16 Palm Court
Pakenham VIC 3810

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Property Details for 16 Palm Ct, Pakenham

Building Type
Land
Local Government
Cardinia
Lot/Plan
243/PS649678

Last Listing description (March 2024)

The Galway View Estate presents a prime opportunity with this 742 sqm allotment that boasts elevated scenic views. Positioned on titled land, it provides the perfect canvas for building your dream home. Take advantage of the Home Builder Government Grant, and if you're a first home buyer, you may qualify for an additional $10,000.

The location offers convenience with easy access to the Monash Freeway, making commuting a breeze. Pakenham's main shopping precinct is within close reach, ensuring all your retail needs are met. Educational institutions like Beacon Hills College, St Patrick's Catholic Primary School, and St Francis Xavier College are nearby, providing quality schooling options.

Immerse yourself in the beauty of this location, where local amenities are practically at your doorstep. To explore this opportunity further, contact Steve Harrison for a personalized inspection at 0407 800 915. Secure your place in this vibrant community and create the home you've always envisioned.

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Property History for 16 Palm Ct, Pakenham, VIC 3810

A timeline of how this property has performed in the market
Last Sold
$360,000
27 Mar 2024
  • 27 Mar 2024
    Sold for $360,000
  • 15 Feb 2024
    Listed for Sale $340,000 - $374,000
  • 01 Dec 2020
    Sold for $300,000
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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, 1256 properties were sold in the past 12 months in Pakenham.

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