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Sold on 01 Oct 2024 - Price Unavailable

590 Koo Wee Rup Road
Pakenham South VIC 3810

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 33.7ac
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Property Details for 590 Koo Wee Rup Rd, Pakenham South

Building Type
Land
Land Size
33.7ac

Last Listing description (October 2024)

An exceptional investment opportunity for the farmer or land banker this 13.65 hectare / 33.73 acre approx. farm consists of prime agricultural land in a highly sought after development area.

With sealed road frontage on currently under-redevelopment Koo Wee Rup Road, this fully fenced property has a large dam and fertile soils suitable to beef, dairy, thoroughbred enterprises and cropping such as potatoes or asparagus.

New perimeter and internal fencing with four large paddocks and two new 8 ft troughs. New yards, crush and loading ramp with four original sheds. The working windmill pumps from a bore to a 23,000 litre poly water tank with overflow back to the dam.

Only 7.3 kms away from Koo Wee Rup township, 8.1 kms to Pakenham and an hour from Melbourne.

With Melbourne’s population forecast expected to reach 8 million by 2050 this land offers a very strategic position for the astute buyer.

Contact Agent, David Connell for further details 0429 168 475

Property Code: 1189

Property History for 590 Koo Wee Rup Rd, Pakenham South, VIC 3810

A timeline of how this property has performed in the market
Last Sold
01 Oct 2024
  • 01 Oct 2024
    Sold
  • 08 May 2023
    Listed for Sale $2,850,000

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About Pakenham South 3810

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 127 properties. Over the last 5 years, Houses in Pakenham South have seen a 14.23% increase in median value. As at 30 November 2024:

  • The median value for Houses in Pakenham South is $1,460,153 while the median value for Units is $935,746.
There are currently 5 properties listed for sale, and no properties listed for rent in Pakenham south on OnTheHouse. According to CoreLogic's data, 3 properties were sold in the past 12 months in Pakenham south.

Suburb Insights for Pakenham South 3810

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Contact agent
David Connell
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Property Management Macedon Ranges - Lancefield
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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.