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Location
Market Insights for Pakenham VIC 3810
New Listings (last 30 days)
6
Average price
$911,500
Lowest price
$414,000
Highest price
$1,495,000
Other properties in this postcode

5 Tranquil Way, Pakenham VIC 3810

$440,000 - $480,000

Listed: 5 days ago
Updated: 3 hours ago
Overview

Positioned atop the prestigious Galway Views Estate, this expansive 1,182 square metre parcel of land offers unrivalled potential for owners seeking a canvas for their dream home.

With generous proportions, the allotment invites a variety of architectural expressions—whether a spacious family residence, an entertainer’s haven, or a standout bespoke design. The expansive size ensures freedom of design, making it ideal for those unwilling to compromise on space or the scale of their vision.

The property is perched to capture sweeping vistas of Port Phillip Bay, Western Port, and the rolling Dandenong ranges, delivering a serene and picturesque backdrop. Such outlooks are rarely found in conjunction with an allotment of this size in the area, enhancing the appeal and long-term value of this offering.

Located within a streetscape that reflects quality through custom-designed homes, this titled parcel is ready for immediate development, allowing buyers to commence building promptly.

Strategically situated in the heart of Melbourne’s southeast growth corridor, the location benefits from ongoing infrastructure investment, supporting strong future appreciation. Nearby conveniences include excellent educational facilities like Beaconhills College and Pakenham Secondary College, as well as essential transport links such as Pakenham Train Station and easy Monash Freeway access. For retail and recreation, Lakeside Shopping Centre and Toomuc Recreation Reserve are within comfortable reach.

This land opportunity is well-suited to buyers who prioritize lifestyle, space, and investment potential—such as families seeking room to grow or individuals aiming to create a distinctive home in a sought-after locale.

Local Market Insights

In Pakenham, Quiet Listings observed 6 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 $911,500. The property type mix of listed properties is predominantly Houses at 66%, followed by units (12%), and land (7%). The most active agency for land in the Pakenham area is currently Stonebridge Property Group, representing 17% of new listings, followed by Canford Estate Agents with 17%. 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.