Lot 916 - Co- Living Ridgelea Estate - Pakenham
Pakenham, Melbourne, VIC, 3810$ 856,000
Overview
Property ID: LA-7833
- House and Land
- Property Type
- 5
- Bedrooms
- 5
- Bathrooms
- 2
- Cars
- 206
Details
Updated on Oct 31, 2024 at 01:00 pm
Property Type: | House and Land |
---|---|
Price: | $ 856,000 |
Land Price: | $ 433,000 |
Build Price: | $ 423,000 |
Gross Per Week: | $ 1,350 |
Gross Per Annum: | $ 56,160 |
Gross Yield: | 8.20% |
Capital Growth 12 Months: | 3.15% |
Capital Growth 10 Year Annualised: | 6.17% |
Vacancy Rate: | 0.52% |
Property Size: | 206 m2 |
Land Area: | 448 m2 |
---|---|
Bedrooms: | 5 |
Bathrooms: | 5 |
Parking: | 2 |
Title Status: | March 2025 |
Property ID: | 7833 |
SKU: | 1001 |
Description
*Please be advised that some lots/units may need confirmation of availability. Kindly ensure to check availability first by emailing or phoning us.*
Pakenham, located approximately 54 km southeast of Melbourne’s CBD, is a rapidly growing suburb within the City of Cardinia. Known for its blend of suburban living and semi-rural surroundings, Pakenham has evolved from a rural town into a bustling residential hub with a strong sense of community. The area is particularly attractive to families, first-home buyers, and professionals looking for affordable housing options in Melbourne’s outer suburbs while maintaining good access to the city.
In terms of local amenities, Pakenham is well-serviced with a variety of parks, recreational areas, and community facilities. The Pakenham Lakeside area is a standout feature, providing walking paths, playgrounds, and scenic spots around its man-made lake. The suburb also boasts sports grounds, including Toomuc Reserve and Cardinia Life, a sports and aquatic center that offers swimming, gym facilities, and fitness classes. Several parks and green spaces add to Pakenham’s appeal for outdoor activities and family-friendly living.
When it comes to shopping, Pakenham has multiple options to cater to its growing population. The primary shopping hub is Pakenham Central Marketplace, which includes major retailers such as Woolworths, Coles, and Big W, along with a variety of specialty stores, cafes, and eateries. For additional shopping and dining options, the nearby Fountain Gate Shopping Centre in Narre Warren provides a larger selection of retail outlets, entertainment venues, and restaurants.
Pakenham has a good range of educational facilities, making it a suitable area for families. There are several primary schools, including Pakenham Springs Primary School and Pakenham Consolidated School. For secondary education, Pakenham Secondary College and Beaconhills College are popular choices. Beaconhills College offers both primary and secondary schooling on a large campus. The suburb is also home to a number of early learning centers, catering to the needs of younger families.
Transportation in Pakenham is a key strength of the suburb. It is the last stop on the Pakenham railway line, offering direct access to Melbourne’s CBD via regular train services. For those commuting by car, Pakenham is conveniently located near the Princes Freeway, providing easy access to Melbourne and other parts of Victoria. The suburb also has an extensive bus network that connects to surrounding suburbs and key locations such as train stations and shopping centers. The area is highly accessible for both drivers and those relying on public transport.
Disclaimer*
Reservation Requirements:
1. Completed EOI (Property Reservation form under Fusion CRM Online Forms)
2. Holding deposit receipt (amount TBA)
3. Copy of client's finance pre-approval letter/comfort letter from the broker
4. Copy of client's ID
All details shown have been provided by third parties, for full details and inclusions please refer to the land and building contracts.
Address
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Capital Growth 12 months, measures the increase in a property’s value over the previous 12 months, indicating how much the investment has appreciated in that timeframe.
Capital Growth 10-year annualised, reflects the average annual increase in a property’s value over the last decade, smoothing out short-term fluctuations to show long-term appreciation trends.
Vacancy Rate, indicates the percentage of properties that are currently unoccupied in that postcode, It’s a key indicator for investors to assess the rental demand.
SMSF Property Investing, when investing inside your SMSF there are some restrictions on how you can purchase investment properties. We use the following information to help navigate the SMSF investment property options.
This property is a single-contract property suitable for an SMSF.