SOLD
Sold on 20 Aug 2024 for $1,251,000

24 Exchange Drive
Pakenham VIC 3810

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1500m2
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Property Details for 24 Exchange Dr, Pakenham

Building Type
Land
Land Size
1500m2
Local Government
Cardinia
Lot/Plan
1/PS701419

Last Listing description (November 2022)

1500m2 of Secure Storage
Immediate Access to Princes Freeway
The perfect opportunity for local businesses needing additional outdoor storage space for equipment, machinery, caravan or boat storage.

Well positioned in immediate proximity to the South East Business Park and approximately 3km south-east of the Pakenham Town Centre.

Property History for 24 Exchange Dr, Pakenham, VIC 3810

A timeline of how this property has performed in the market
Last Sold
$1,251,000
20 Aug 2024
Listed for Rent
$797/w
28 Nov 2022
  • 20 Aug 2024
    Sold for $1,251,000
  • 08 Feb 2021
    Listed for Rent - Price not available
  • 26 Feb 2018
    Sold for $363,000

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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 26,325 properties. Over the last 5 years, Houses in Pakenham have seen a 38.39% increase in median value, while Units have seen a 29.64% increase. As at 30 September 2024:

  • The median value for Houses in Pakenham is $700,659 while the median value for Units is $504,776.
  • Houses have a median rent of $530 while Units have a median rent of $460.
There are currently 236 properties listed for sale, and 47 properties listed for rent in Pakenham on OnTheHouse. According to CoreLogic's data, 1218 properties were sold in the past 12 months in Pakenham.

Suburb Insights for Pakenham 3810

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Disclaimer
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.