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Overview
This expansive 453 square metre vacant land parcel in Pakenham represents an exceptional opportunity for buyers looking to build a new home or investment in a rapidly developing area. Situated as Lot 2 within a freshly subdivided three-lot site, the level block offers a flexible foundation to customise a dwelling within a family-oriented community.
The property is perfectly positioned to leverage the ongoing Pakenham Revitalisation Project, a comprehensive upgrade focused on enhancing safety, accessibility and streetscape appeal. With imminent infrastructure improvements including a new community hospital and train station enhancements, the location is poised for sustainable long-term value growth.
Convenience is a hallmark of this site, positioned close to numerous essential amenities. Educational facilities such as Pakenham Hills Primary and Pakenham Secondary College are within easy reach, supplemented by respected private options nearby. The local shopping precincts, including Pakenham Place and The Heritage Shopping Centre, provide varied retail and dining experiences.
Outdoor lifestyle enthusiasts will appreciate proximity to newly established parks and open spaces featuring walking and cycling tracks, playgrounds and BBQ facilities. Additionally, transportation connectivity through the M1 Freeway and enhanced train station infrastructure ensures effortless commuting.
Overall, this well-situated land offers a strategic foothold in one of Melbourne's sought-after growth corridors, making it an appealing prospect for both first-home builders and investors aiming for future capital gains.
Local Market Insights
In Pakenham, Quiet Listings observed 13 new parcels of land entering the market over the last 30 days, up from 5 during the previous 30-day period, with an average advertised asking price of $652,231. 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.
