SOLD
Sold on 28 Feb 2024 for $835,000

3/89 Main Street
Pakenham VIC 3810

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 178m2
Land area: 167m2
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Property Details for 3/89 Main St, Pakenham

Building Type
Commercial
Floor Size
178m2
Land Size
167m2
Local Government
Cardinia
Lot/Plan
3/PS318230

Last Listing description (October 2023)

Prime Location Main Street
Rear Access
High Exposure Site


Gerard Collins Real Estate is proud to offer this property for sale by way of Expression of Interest Offers closing Friday 4th August @ 4pm. Perfect for the owner occupier or investor, this visible site offers immediate settlement. Large floor area of 167m2 with dual access doors to Main Street. Floor to ceiling glass windows, suspended ceiling, heating and cooling, rear office/storeroom and disabled toilet with shower. Convenient rear access with roller door and car parking, excellent for loading/unloading. Adjacent to NAB, metres to Post Office, Pakenham Marketplace and transport hub. A rare opportunity to own your own.

Property History for 3/89 Main St, Pakenham, VIC 3810

A timeline of how this property has performed in the market
Last Sold
$835,000
28 Feb 2024
Listed for Rent
09 Mar 2017
  • 28 Feb 2024
    Sold for $835,000
  • 08 Jul 2023
    Listed for Sale Expression of Interest
  • 30 Oct 2019
    Listed for Rent - Price not available
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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 26,456 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.
There are currently 243 properties listed for sale, and 55 properties listed for rent in Pakenham on OnTheHouse. According to CoreLogic's data, 1223 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.