Pakenham at a glance
58,187
People
$605,000
Median sale
$549/wk
Median rent
4.72%
Suburb gross yield
Median sale from 15 recorded sales (last 24 months) — a Districts calculation.
VIC › Pakenham › Newbury St
$250,000
Last sold
27 Aug 2020
0
Bedrooms
0
Bathrooms
0
Car spaces
262 m²
Land
Districts View
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
Last sold
$250,000
27 Aug 2020 · derived via latest_sale
Pakenham at a glance
58,187
People
$605,000
Median sale
$549/wk
Median rent
4.72%
Suburb gross yield
Median sale from 15 recorded sales (last 24 months) — a Districts calculation.
Vs Pakenham
-58.7%
Median sale
Suburb $605,000
+6.70 pp
Gross yield
Suburb 4.72%
Suburb median $605,000 from 15 recorded sales (last 24 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
ZN
Zone
COMPREHENSIVE DEVELOPMENT ZONE - SCHEDULE 2
CDZ2
Jurisdiction
Cardinia
Cardinia, VIC
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.
The official layer maps a flood zone on this parcel, intersecting about 12.8% of it (Vicmap Planning, retrieved 31 Aug 2026). Verify the extent against the title before relying on unaffected land.
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
VICZoned COMPREHENSIVE DEVELOPMENT ZONE - SCHEDULE 2 · CDZ2 (ZN). Official parcel area about 5,690 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.
12.8% of the official parcel intersects the loaded flood overlay. Layer: LAND SUBJECT TO INUNDATION OVERLAY. That is a finance, insurance, and rentability screen — distinct from whether the land can be subdivided. It is not a flood certificate or an insurer quote. Minimum lot size is not loaded, so two-lot subdivision is not confirmed. Official parcel about 5,690 m² — land size can look like optionality. What reduces it: DEVELOPMENT CONTRIBUTIONS PLAN OVERLAY - SCHEDULE 1; LAND SUBJECT TO INUNDATION OVERLAY. Pay house money or walk — do not pay site money until a planner confirms a pathway through this stack. 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. Flood on or flagged for this lot can discount tenant demand versus a dry comparable.
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.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
This looks more like a hold-as-is house than a development site. Flood on the lot is the first thing to price.
Detail
Official parcel about 5,690 m² — land size can look like optionality. What reduces it: DEVELOPMENT CONTRIBUTIONS PLAN OVERLAY - SCHEDULE 1; LAND SUBJECT TO INUNDATION OVERLAY. Pay house money or walk — do not pay site money until a planner confirms a pathway through this stack.
Nearby competing dwellings and net yield are still unknown.
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.
4 of 10 questions answered so far
Development optionality of this lot
KnownmediumZoned COMPREHENSIVE DEVELOPMENT ZONE - SCHEDULE 2 · CDZ2 (ZN). Official parcel area about 5,690 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
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?
KnownmediumOfficial parcel about 5,690 m² — land size can look like optionality. What reduces it: DEVELOPMENT CONTRIBUTIONS PLAN OVERLAY - SCHEDULE 1; LAND SUBJECT TO INUNDATION OVERLAY. Pay house money or walk — do not pay site money until a planner confirms a pathway through this stack.
Lot-level flood
Knownmedium12.8% of the official parcel intersects the loaded flood overlay. Layer: LAND SUBJECT TO INUNDATION OVERLAY. That is a finance, insurance, and rentability screen — distinct from whether the land can be subdivided. It is not a flood certificate or an insurer quote.
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownNo DA adapter returned applications 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
$605,000
Median sale
$549/wk
Median rent
4.72%
Suburb gross yield
Median sale from 15 recorded sales (last 24 months) — a Districts calculation.
Listing material
Listed by OBrien Real Estate PakenhamOne of the last opportunities left to build in the sought after Ascot Estate, this 262m2 flat block comes complete with all working drawing, engineering and developer approval for a 3 bedroom, 2 bathroom home of 151.4m2. One of the larger blocks with a 10.5m frontage, everything is ready for you to start building as soon as you are ready.
For first home buyers, the FHOG of $10,000 and the federal governments further offering of $25,000 apply as long as you qualify, but you will need to be quick. First home owners also pay zero stamp duty, subject to qualification as well. Add to this full working drawings, engineering and permits and you could be nearly $50,000 better off right now, subject to qualification and approval.
The Ascot Estate is set within easy walking distance to the Pakenham Train Station, the Main St shopping strip and numerous restaurants and cafes'. Parklands are around every corner and the Melbourne CBD is only 45 minutes away. This is a great place to start the rest of your life and build your dream, while taking advantage of some outstanding government incentives.
For a copy of the well designed floor plans, soil test or any further documentation, please contact the listing agents, Rod or Arturo.
Listing description written by Rod Capuano, OBrien Real Estate Pakenham — reproduced as published, not verified by Districts.