5 Charles StreetPakenham VIC 3810
Property Details for 5 Charles St, Pakenham
5 Charles St, Pakenham is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1970. The property has a land size of 837m2 and floor size of 139m2. While the property is not currently for sale or for rent, it was last sold in March 2022.
Last Listing description (May 2022)
Potential to build four townhouses (STCA)
What a fantastic opportunity to purchase this development site. Located in a prime blue-chip location, stone's throw from town central, shopping strip, train station, Monash freeway, schools and parkland. The property has an established older home.
With an existing 3 bedroom dwelling to ensure you receive an immediate return while securing plans & permits for your dream development. With a block size of approximately 837 m2, you need to be quick, if you don't, someone else will.
Ray White prides itself on being as accurate as possible however anyone considering purchasing the property should undertake their own due diligence to confirm the above.
Property History for 5 Charles St, Pakenham, VIC 3810
- 11 Mar 2022Sold for $750,000
- 27 Feb 2022Listed for Sale $700,000 - $770,000
- 29 Jul 2019Listed for Rent $360 / week
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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.
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