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Location
Market Insights for Pakenham VIC 3810
New Listings (last 30 days)
4
Average price
$768,500
Lowest price
$414,000
Highest price
$1,800,000
Other properties in this postcode

22 Nivelle Drive, Pakenham VIC 3810

Listed: 21 hours ago
Overview

Positioned in the expanding Radison Estate, 22 Nivelle Drive in Pakenham offers a valuable opportunity to acquire a well-sized parcel of land measuring 373 square metres. With a 14-metre frontage, this block provides ample scope for buyers to construct a home suited to their specific needs and design preferences.

The estate's layout is designed to offer flexibility catering to diverse buyer groups, including first home buyers, families seeking to grow, and investors aiming to secure a sound asset in a rapidly developing suburb. The blank canvas of this allotment means owners can tailor their home plan and facade to reflect their lifestyle requirements and future ambitions.

Conveniently located near essential amenities, the property benefits from close proximity to Pakenham Hills Primary School and childcare facilities, enhancing its appeal to families. Shopping and dining venues such as Cardinia Lakes Shopping Centre and local cafes contribute to the ease of daily living. In addition, recreational options like Eastone Reserve provide natural spaces ideal for outdoor activities, making this an attractive locale for those valuing access to parks and lakeside environments.

The steadily increasing demand for modern homes in Pakenham and the property's appeal to both owner-occupiers and investors underscore the strategic significance of this listing. This land offering presents a solid stepping-stone for buyers looking to establish residence or make a strategic investment within a well-connected, family-friendly community.

Local Market Insights

In Pakenham, Quiet Listings observed 4 new parcels of land entering the market over the last 30 days, down from 7 during the previous 30-day period, with an average advertised asking price of $768,500. The property type mix of listed properties is predominantly Houses at 65%, followed by units (10%), and home for sales (8%). The most active agency for land in the Pakenham area is currently Peake Real Estate, representing 25% of new listings, followed by Ray White with 25%. 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.