Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

Location

Market Insights for Pakenham VIC 3810

New Listings (last 30 days)

Average price

$911,500

Lowest price

$414,000

Highest price

$1,495,000

166 Pakenham Road, Pakenham VIC 3810

For Sale

Search Band Search Visibility Band

$1.4M - $1.5M Medium Confidence Calculated based on our search observations.

Land 6612 m²

Listed: 2 days ago

Updated: 7 hours ago

Overview

This expansive 6,612 square metre residential development site on Pakenham Road in Pakenham represents a rare opportunity for developers and investors alike. Fully permit-approved, the site allows for a 15-lot residential subdivision, simplifying development approvals and accelerating the project timeline.

Strategically positioned in Melbourne’s southeast growth corridor, the land benefits from close proximity to key local amenities. Residents will appreciate easy access to retail hubs such as Village Lakeside Shopping Centre, HomeCo. Pakenham, and the Pakenham Activity Centre, all within a few kilometres, ensuring everyday conveniences remain close at hand.

Families and future homeowners will find value in the range of educational facilities nearby, including Beaconhills College, Pakenham Secondary College, and Pakenham Hills Primary School, enhancing the site’s appeal for a broad demographic.

Furthermore, the Cardinia Shire area is experiencing robust growth, with population forecasts predicting a significant rise over the next two decades. This growth is matched by a strong rise in median house prices in Pakenham, underpinning the investment potential of this development site.

Permit approved for 15 residential dwellings, facilitating a streamlined building process.
Sprawling land area of approximately 6,612 sqm, providing ample scope for thoughtful subdivision and development.
Serviced superlot, ready for development with necessary services in place.
Immediate access to retail and educational amenities within a few kilometres radius.
Located in one of Melbourne’s fastest-growing municipalities, promising strong demand and capital growth potential.

Overall, this property offers a compelling blend of ready-to-build subdivision approval, excellent location, and strong market fundamentals, making it a standout opportunity for those looking to develop in a flourishing growth corridor.

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.