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 › Locavore Rd
$677,200
For sale
Asking
3
Bedrooms
2
Bathrooms
2
Car spaces
300 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
$677,200
Asking · $2,257/m² of land
No recorded sale for this property.
Local land rate: recorded House sales in Pakenham (last 5 years) with land size have a median of $1,305/m² of land (n=49). Districts calculation from recorded sales — not a valuation.
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
+11.9%
Median sale
Suburb $605,000
-0.50 pp
Gross yield
Suburb 4.72%
Suburb median $605,000 from 15 recorded sales (last 24 months) — a Districts calculation, not a portal figure.
$41,090 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.
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 4.2%. 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
$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 Turnkey Real Estate GroupSecure a titled 300sqm lot with a complete 3-bedroom home for a fixed $677,200, with the major build and move-in costs already covered. With a double garage, master ensuite, landscaped yard and no site-cost surprises, this is a straightforward way to get into Averley without turning the build into a budgeting exercise.
If you're buying your first home:
Price certainty matters. At $677,200 fixed and fully turnkey, this titled package sits below Pakenham's current 3-bedroom house median of $685,000. The efficient single-level layout includes three bedrooms, master ensuite and WIR, double garage and open-plan family/meals area, with site costs, flooring, air conditioning, driveway, fencing and landscaping included. You may also be eligible for first-home buyer concessions. With East Pakenham Station and Princes Freeway access both nearby, it's a practical way to get into a growing community with the major costs already covered.
If you're settling in as an owner-occupier:
Move into a finished home without the usual build uncertainty. This 139sqm layout offers a private master suite, two additional bedrooms, central bathroom and an open kitchen, family and meals area. The 300sqm titled lot also means there's no waiting on land title. With open space, walking trails and future community facilities planned within Averley, it's a straightforward home to build, finish and live in.
If you're investing:
A three-bedroom home at a competitive entry point makes this one worth running the numbers on. At $677,200 fixed, the package sits below Pakenham's current 3-bedroom house median of $685,000, with median 3-bedroom rent around $540 per week. The double garage, ensuite, WIR and open-plan living provide a practical tenant-friendly layout, while the turnkey specification removes many additional build costs. Averley's position in the Pakenham East growth corridor, with nearby rail and freeway access, adds to its long-term appeal.
Key Features:
- Fixed $677,200 full turnkey price
- Titled 300sqm land
- 139sqm single-level 3 bedroom, 2 bathroom home
- Double remote garage with internal entry
- Master bedroom with walk-in robe and private ensuite
This Fixed Price Home & Land Package Includes:
- Fixed price site costs
- Front landscaping including dripper irrigation system with battery-operated timer for easy maintenance
- Rear landscaping including mulched garden beds with trees or plants along the rear boundary, turf and topping to the remaining rear and side areas, plus a dripper irrigation system connected to the tap
- Full shared fencing to side and rear boundaries, including side gate in accordance with developer guidelines
- Coloured concrete driveway
- Fold-away clothesline with coloured concrete pad
- Concrete letterbox designed to suit the home and comply with estate design guidelines
- Timber laminate flooring, carpet to bedrooms, and tiles to wet areas
- Heating and cooling
- Holland blinds throughout
- Flyscreens to all windows
- Sliding flywire doors
- Stainless steel 900mm kitchen appliances
- 2580mm high ceilings
- Stainless steel dishwasher
- Stone benchtops to kitchen
- Tiled shower bases
- Downlights throughout
- Alarm system including sensors and keypad at entry
- Bushfire Attack Level (BAL) 12.5 requirements where applicable
- Re-establishment survey of the block where required
- Choice of gold, black, or chrome tapware to kitchen
- Council infrastructure levy where applicable
- Brickwork above all windows and doors in lieu of FC sheet (excluding above garage door)
- Facade render where required for developer approval
- All developer requirements included
- Temporary fencing during construction
- Compliance with all Occupational Health & Safety build requirements
Averley Estate, Nar Nar Goon North
Averley is Stockland's masterplanned community within the Pakenham East growth corridor, with wetlands, open space, walking trails and future community facilities forming part of the wider neighbourhood. East Pakenham Station is approximately 4.1km away, while the Princes Freeway entry is around 3.3km from the estate, providing access towards Melbourne and Melbourne's south-east. Pakenham Central Marketplace is approximately 5.4km away, with Pakenham's established town centre, cafés, restaurants and services also close by. A future town centre and proposed primary school are planned as the broader Pakenham East precinct develops.
Listing description written by Bridgette Witte, Turnkey Real Estate Group — reproduced as published, not verified by Districts.