Two Homes On 44 Acres
Here is a rare opportunity to purchase a Pakenham Upper property with two homes on approximately 44 acres of undulating land. The main home has four bedrooms and a office while the second home has two bedrooms. The land is well fenced and divided into 7 paddocks that offers itself to various livestock pursuits. Water is gravity fed to all paddocks provided by three of the four dams on the property.
There is a 6 bay machinery shed, huge clear-span truck shed with power and concrete flooring, stables and sundry shedding.
The size of Pakenham Upper is approximately 31.9 square kilometres. It has 6 parks covering nearly 6% of total area. The population of Pakenham Upper in 2011 was 1,075 people. By 2016 the population was 1,156 showing a population growth of 7.5% in the area during that time. The predominant age group in Pakenham Upper is 50-59 years. Households in Pakenham Upper are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Pakenham Upper work in a trades occupation. In 2011, 91.7% of the homes in Pakenham Upper were owner-occupied compared with 88.6% in 2016.
Pakenham Upper has 458 properties. Over the last 5 years, Houses in Pakenham Upper have seen a 79.26% increase in median value. As at 31 October 2024:
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