770 Mcdonalds Drain RoadPakenham South VIC 3810
Property Details for 770 Mcdonalds Drain Rd, Pakenham South
Last Listing description (June 2020)
MOTIVATED VENDOR - ALL OFFERS CONSIDERED.
A substantial 101 acre rural property offering huge strategic opportunity, fabulous value and a dream rural lifestyle holding while your land bank investment brews.
Featuring a classic retro style 3 bedroom plus study home, already renovated internally and awaiting some external finishes, the farm is divided into approximately 20 paddocks with a central laneway, suitable for cattle or equestrian pursuits.
There will be no shortage of water with 20,000L water tanks and 2.3ML pumping rights, while a brick dairy and an abundance of shedding from hay sheds, silo, stables and storage areas will complete an idyllic lifestyle just 10 minutes from the Pakenham Town Centre and all of the areas easily accessible amenity.
The property will benefit from the Koo Wee RupHealesville Road duplication to a 4 lane highway due to commence in 2020. Located on the fringe of Melbournes urban growth corridor, the site is strategically positioned to benefit from the substantial future growth to occur throughout the area.
Inspection by appointment only.
For sale by expression of interest.
Contact Andrew Egan, 0433 989 767
Property History for 770 Mcdonalds Drain Rd, Pakenham South, VIC 3810
- 12 Jun 2019Listed for Sale Contact Agent
- 20 May 2019Listed for Sale Not Disclosed
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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 126 properties. Over the last 5 years, Houses in Pakenham South have seen a 11.26% increase in median value. As at 31 August 2024:
- The median value for Houses in Pakenham South is $1,429,760 while the median value for Units is $455,624.
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