Pakenham at a glance
58,187
People
$608,000
Median sale
$549/wk
Median rent
4.70%
Suburb gross yield
Median sale from 16 recorded sales (last 24 months) — a Districts calculation.
VIC › Pakenham › Bluegrass Cres
$660,000–$720,000
For sale
Asking range
3
Bedrooms
1
Bathrooms
5
Car spaces
785 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Asking
$660,000–$720,000
Asking range · $841/m² of land
No recorded sale for this property.
Pakenham at a glance
58,187
People
$608,000
Median sale
$549/wk
Median rent
4.70%
Suburb gross yield
Median sale from 16 recorded sales (last 24 months) — a Districts calculation.
Vs Pakenham
+8.6%
Median sale
Suburb $608,000
-0.37 pp
Gross yield
Suburb 4.70%
Suburb median $608,000 from 16 recorded sales (last 24 months) — a Districts calculation, not a portal figure.
Based on the low end of the asking range, not a contract price.
$40,019 on top of the price (6.1% extra)
Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.
Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.
Based on the low end of the asking range, not a contract price.
Pre-filled with Pakenham's advertised median rent — not a rent for this listing.
Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $549/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Gross yield if leased at the suburb aggregate is 4.3%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Pakenham at a glance
58,187
People
$608,000
Median sale
$549/wk
Median rent
4.70%
Suburb gross yield
Median sale from 16 recorded sales (last 24 months) — a Districts calculation.
Listing material
Listed by Area Specialist SolutionsIts Addressed:
Proudly presented for sale, 13 Bluegrass Crescent, Pakenham offers an outstanding opportunity for buyers seeking a fully renovated home on a substantial 785m² (approx.) allotment with exciting long-term potential. Beautifully updated throughout and ready to move straight in, this property is ideal for homeowners and investors alike.
The home features three well-sized bedrooms, a centrally located bathroom, and an abundance of natural light throughout. The master bedroom is generously proportioned and is serviced by a well-appointed bathroom, creating a comfortable and functional layout for everyday living.
At the heart of the home is a stunning updated kitchen, complete with quality finishes, modern appliances, and excellent storage and bench space. Designed for both practicality and style, it flows seamlessly into the main living and dining areas, creating a warm and inviting central hub for the home.
One of the standout features of this property is the extensive car accommodation, offering space for up to four vehicles—perfect for tradies, car enthusiasts, or those needing extra storage for boats, trailers, or caravans.
The home has been completely renovated throughout, meaning there is nothing left to do but move in and enjoy. With quality flooring, fresh updates, and a well-considered layout, it presents as a true turn-key opportunity.
Step outside and you’ll find a large, usable backyard with plenty of space for families, pets, or future improvements. Positioned on a generous 785m² block, the property also presents an exciting opportunity for potential subdivision in the future (STCA – Subject to Council Approval), making it a smart long-term investment.
Located in a convenient pocket of Pakenham, you are close to schools, shopping centres, parklands, public transport, and easy access to the M1 Freeway—everything you need is right at your doorstep.
Whether you’re a first home buyer, downsizer, or investor looking for strong future potential, 13 Bluegrass Crescent is a rare opportunity that ticks all the boxes.
Move in, enjoy, and secure your future.
For more Real Estate in Pakenham contact your Area Specialist.
Did you know we have a rental department who can service your investment properties?
Our rental department has appraised this property for $500/week.
If you would like more information please get in contact.
Note: Every care has been taken to verify the accuracy of the details in this advertisement, however, we cannot guarantee its correctness. Prospective purchasers/tenants are requested to take such action as is necessary, to satisfy themselves with any pertinent matters.
Listing description written by Marcus Washington, Area Specialist Solutions — reproduced as published, not verified by Districts.