3/127 Main StreetPakenham VIC 3810
Property Details for 3/127 Main St, Pakenham
Last Listing description (May 2012)
AN INVESTMENT THAT SATISFIES!
Offered for the first time in twenty years is this excellent corner site, approximately 144sqm with a proven long term tenant. Fantastic exposure boasting frontage to Main Street and Pakenham Plaza Arcade. Rental income of $40,560 per annum, net of G.S.T. Opportunities to invest in Main Street are few and far between. Home to the ever popular Cafe 127 here is your chance to secure a prime investment in a tightly held precinct within the rapidly growing South East Corridor.
AUCTION Thursday 7th June 2012 at 2:00pm on-site
For more information please contact Todd McKenna on 0418 391 182 or Nyall Greene on 0409 560 778
Property History for 3/127 Main St, Pakenham, VIC 3810
- 22 Aug 2024Sold for $1,100,000
- 07 Jun 2012Sold for $740,000
- 08 May 2012Listed for Sale AUCTION THURSDAY 7TH JUNE 2012 AT 2:00PM ON SITE
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0About 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 26,456 properties. Over the last 5 years, Houses in Pakenham have seen a 35.09% increase in median value, while Units have seen a 27.84% increase. As at 31 October 2024:
- The median value for Houses in Pakenham is $695,591 while the median value for Units is $503,582.
- Houses have a median rent of $540 while Units have a median rent of $460.
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