590 Koo Wee Rup RoadPakenham South VIC 3810
Property Details for 590 Koo Wee Rup Rd, Pakenham South
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
- 01 Oct 2024Sold
- 08 May 2023Listed 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 23.38% increase in median value. As at 31 October 2024:
- The median value for Houses in Pakenham South is $1,628,150 while the median value for Units is $949,963.
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