SOLD
Sold on 24 Oct 2023 for $375,000

7/7-9 King Street
Pakenham VIC 3810

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 82m2
Land area: 187m2
Sold By
Derrick Brown
GERARD COLLINS
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Property Details for 7/7-9 King St, Pakenham

7/7-9 King St, Pakenham is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1980. The property has a land size of 187m2 and floor size of 82m2. While the property is not currently for sale or for rent, it was last sold in October 2023. There are other 2 bedroom Unit sold in Pakenham in the last 12 months.

Building Type
Unit
Year Built
1980
Floor Size
82m2
Land Size
187m2
Local Government
Cardinia
Lot/Plan
7/RP12317

Last Listing description (November 2023)

The location allows for a flat walk to the shops, bus and train terminals and medical premises of all sorts of descriptions. A complex of 7 Units with this 2 bedroom Unit situated at the rear. Open plan living, split system heating and cooling, well planned bathroom and laundry facilities and a nice sized rear yard. The property allows for investment, downsizing or first home buyers grab the chance while you can to get into the market.

Property History for 7/7-9 King St, Pakenham, VIC 3810

A timeline of how this property has performed in the market
Last Sold
$375,000
24 Oct 2023
Listed for Rent
$230/w
24 Jul 2013
  • 24 Oct 2023
    Sold for $375,000
  • 12 Oct 2023
    Listed for Sale $365,000 - $385,000
  • 15 Jun 2013
    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 26,372 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, 1249 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.