8 John StreetPakenham VIC 3810
Property Details for 8 John St, Pakenham
8 John St, Pakenham is a 3 bedroom, 1 bathroom House. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 3 bedroom House sold in Pakenham in the last 12 months.
Last Listing description (November 2024)
Unlock the potential of a premier 914m² site strategically positioned in Pakenham's vibrant Activity Centre Zone (ACZ), offering an unmatched opportunity for developers with a vision for high-density, mixed-use projects, STCA (Subject to Town Council Approval).
Highlights:
- Location: Within a 3-minute reach of the town centre and train station, ensuring accessibility and convenience in Pakenham's heart, STCA.
- Investment Appeal: A rare chance to develop in a high-demand area with significant return potential through strategic development in a growth-intensified zone, STCA.
- Development Potential: Ideal for creating a landmark project that merges modern living with urban convenience, responding to the increasing demand for quality accommodation near essential amenities, STCA.
This extraordinary opportunity to shape Pakenham's urban landscape awaits your vision. Leverage this chance to develop a project that epitomizes contemporary urban living, all subject to town council approval. Contact us to explore this development opportunity further.
Property History for 8 John St, Pakenham, VIC 3810
- 21 Nov 2024Sold for $690,000
- 20 Sep 2024Listed for Sale $650,000 - $700,000
- 25 Apr 2023Listed for Sale $695,000 - $760,000
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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 26,540 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.
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