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.
$722,000
Last sold
25 Mar 2024
4
Bedrooms
2
Bathrooms
2
Car spaces
578 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
Last sold
$722,000
25 Mar 2024 · derived via latest_sale
Local land rate: recorded House sales in Pakenham (last 5 years) with land size have a median of $1,339/m² of land (n=48). Districts calculation from recorded sales — not a valuation.
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
+18.8%
Median sale
Suburb $608,000
-0.75 pp
Gross yield
Suburb 4.70%
Suburb median $608,000 from 16 recorded sales (last 24 months) — a Districts calculation, not a portal figure.
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.
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
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 OBrien Real Estate PakenhamQuietly nestled away at the foothills of the Dandenong Ranges on a 578m2 block, this desirable northside location offers this beautifully presented period styled family home and affords you the luxury of just moving in and enjoying the lifestyle our current owners have loved for many years.
Within walking distance to the local primary school and major shopping hubs, only 2-3 minutes away, the Princes Hwy and M1 Freeway a very short drive, providing you easy access to the Melbourne CBD. Public transport all but at your doorstep with several train stations only 5-10 minutes away.
The inclusions list is extensive, ensuring the growing family has comfort and room to move. These include;
- A Master bedroom featuring WIR and full ensuite.
- A further bedroom or study at the front of the home, ideal for a nursery.
- Another 2 generous bedrooms are serviced by a second bathroom/ powder room towards the rear of the home.
- A fully appointed kitchen is centrally located, providing access to the family room and outdoor entertaining areas.
- A quiet, private formal lounge and a 3rd living room at the rear, ensues space for all.
The private rear yard, with some established gardens offers 2 x covered pergola areas for your entertaining enjoyment during the warmer months and somewhere for the kids to play securely.
All the creature comforts you would expect inside are here, including ducted heating, air-con, double garage with remote door and more. An inspection of this lovely home will not disappoint and with building costs rising fast and a shortage of homes coming to market, we are set to see prices rise in this area, so now is an outstanding time to buy and start living the dream.
To book an inspection Call Shoheli
OBrien Real Estate prides itself on being as accurate as possible however anyone considering purchasing the property should undertake their own due diligence to confirm the above.
Listing description written by Shoheli Sunjida, OBrien Real Estate Pakenham — reproduced as published, not verified by Districts.