Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.
Overview
Opportunity to secure land plus plans and permits, ready to build in the heart of Pakenham. This substantial 962 square meter block includes approved planning subdivision for four townhouses, making it an ideal prospect for developers and investors.
Each townhouse is designed to feature three bedrooms, two bathrooms, and a double car garage, providing comfortable and modern living spaces. The property's strategic location offers convenient access within walking distance to the Pakenham town centre, train station, and various transport options, enhancing lifestyle and connectivity.
The existing home on the property has been thoughtfully renovated, blending classic charm with contemporary comforts. It features a versatile interior layout with three bedrooms equipped with built-in robes, plus a large fourth bedroom that can serve as an additional bedroom or rumpus room. The floor plan includes a lounge room, kitchen and meals area, and a family bathroom with a separate toilet.
The kitchen is functional and practical, equipped with a gas upright stove and oven, complemented by gas heating for year-round comfort. Outdoor living is enhanced by a pergola that extends the living space into the fresh air, ideal for entertaining or relaxing with family.
The property offers generous space with a spacious backyard that provides an open canvas for creative landscaping or further development. Secure parking is available with a single garage that also offers additional storage space.
This property represents an outstanding opportunity for developers, investors, or those seeking a home with potential for growth in a sought-after location. It combines development potential with a comfortable residence and excellent access to amenities.
Additionally, the property has been appraised for rental purposes at approximately $350 per week, indicating potential for investment returns. Prospective purchasers are advised to verify all details independently to ensure accuracy and suitability.
Local Market Insights
In Pakenham, Quiet Listings observed 126 new houses entering the market over the last 30 days, up from 36 during the previous 30-day period, with an average advertised asking price of $764,610. The property type mix of listed properties is predominantly Houses at 82%, followed by land (9%), and townhouses (4%). Area Specialist was the most active agency in this area, representing 32.5% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Pakenham VIC 3810
Market Insights for Pakenham VIC 3810
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
