580 Koo Wee Rup Rd, Pakenham South is a 4 bedroom, 2 bathroom House with 1 parking spaces. The property has a land size of 37233m2 and floor size of 275m2.
A rare opportunity to purchase a vacant parcel of grazing land located close to the M1 freeway and Pakenham/Koo Wee Rup townships. The flat land is ideally suited for those looking to build a house and accompanying shedding of their choice! The block has a dam for stock purposes.
Easily accessible to the new Pakenham Racecourse racing and training facility at Tynong, the versatile block will appeal to not only those connected to horse industry but, to those who require larger shedding for personal or business interests or simply those looking to bring up the family in a rural atmosphere.
The size of Pakenham South is approximately 22.7 square kilometres. The population of Pakenham South in 2011 was 235 people. By 2016 the population was 198 showing a population decline of 15.7% in the area during that time. The predominant age group in Pakenham South is 60-69 years. Households in Pakenham South are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Pakenham South work in a managers occupation. In 2011, 70.9% of the homes in Pakenham South were owner-occupied compared with 72.4% in 2016..
Pakenham South has 128 properties. Over the last 5 years, Houses in Pakenham South have seen a 23.38% increase in median value. As at 31 October 2024:
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