SOLD
Sold on 16 Aug 2024 for $500,000

7 The Ridgeway
Pakenham VIC 3810

Bedrooms: 5
Bathrooms: 3
Car spaces: -
Floor area: 220m2
Land area: 786m2
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Property Details for 7 The Ridgeway, Pakenham

7 The Ridgeway, Pakenham is a 5 bedroom, 3 bathroom House and was built in 1993. The property has a land size of 786m2 and floor size of 220m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 5 bedroom House sold in Pakenham in the last 12 months.

Building Type
House
Year Built
1993
Floor Size
220m2
Land Size
786m2
Local Government
Cardinia
Lot/Plan
16/LP123930

Last Listing description (November 2024)

Nestled in one of North Side Pakenham's most coveted locations, 7 The Ridgeway offers the ultimate in family living. Ideally situated near parks, shops, schools, and with easy freeway access, this home is a dream come true for those seeking both comfort and convenience.

Boasting stunning design features and generous spaces throughout, this property is perfect for those who love to entertain. With three expansive living areas and a huge outdoor entertaining space, you'll be the host of every gathering. The home includes 5 genuine bedrooms, including a large master suite with ensuite, robes, and its own private balcony-a perfect retreat for relaxation. The additional 4 bedrooms also come with built-in robes.

Comfort is guaranteed year-round with heating, cooling, and a cozy fireplace. Additional highlights include shutters and a large outdoor entertaining area, ideal for family and friends. Situated on a generous 789m block, enjoy breathtaking views stretching to the West and the Strzelecki Ranges.

Please note: the double garage is not included in the lease and will remain locked.

This home is a must-see!

Please use the below link to submit a rental application:

https://www.2apply.com.au/Agency/HarcourtsPakenham

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Property History for 7 The Ridgeway, Pakenham, VIC 3810

A timeline of how this property has performed in the market
Last Sold
$500,000
16 Aug 2024
Listed for Rent
$600/w
28 Oct 2024
  • 18 Oct 2024
    Listed for Rent $600 / week
  • 16 Aug 2024
    Sold for $500,000
  • 16 Oct 2019
    Listed for Rent $450 / 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 26,538 properties. Over the last 5 years, Houses in Pakenham have seen a 32.25% increase in median value, while Units have seen a 27.30% increase. As at 30 November 2024:

  • The median value for Houses in Pakenham is $693,217 while the median value for Units is $507,560.
  • Houses have a median rent of $548 while Units have a median rent of $470.
There are currently 186 properties listed for sale, and 43 properties listed for rent in Pakenham on OnTheHouse. According to CoreLogic's data, 1236 properties were sold in the past 12 months in Pakenham.

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