162 Pakenham Road, Pakenham, VIC 3810 | Commercial for sale | OnTheHouse
 
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162 Pakenham Road
Pakenham VIC 3810

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 405m2
Land area: 4732m2
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PRIME 4,732 M² GRZ DEVELOPMENT SITE - CHILDCARE / TOWNHOUSES / MEDICAL (STCA) ON PAKENHAM ROAD!

Raine & Horne Land Victoria proudly presents an unparalleled opportunity to secure a substantial 4,732sqm (approx.) development site in the thriving heart of Pakenham, complete with a well-maintained three-bedroom residence. This remarkable property represents a rare chance for visionary investors and developers to capitalise on one of the area's most promising growth corridors. Offering a pristine canvas for future development, the expansive landholding delivers both immediate liveability and outstanding long-term potential.
Property Features:
• 4,732 m² in General Residential Zone
• 3 spacious bedrooms, 2 bathrooms Home on property and shed
• Suits Residential Development (Childcare/Townhouses/Aged care/Medical Centre(STCA))
• Frontage to Pakenham Road
• Just few minutes away from Princess highway and Pakenham Train Station
• Two road access (Pakenham Road & Blessing Road) for each lots once subdivided (STCA)
• Proximity to local schools, shopping centres, parks and playgrounds
• 50 Minutes* to Melbourne CBD
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Property Details for 162 Pakenham Rd, Pakenham

Building Type
Commercial
Floor Size
405m2
Land Size
4732m2
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About Pakenham 3810

The size of Pakenham is approximately 85.9 square kilometres. There are 124 parks, covering nearly 5.8% of the total area. The population of Pakenham in 2016 was 46421 people. By 2021 the population was 54118 showing a population growth of 16.6% in the area during that time. The predominant age group in Pakenham is 30-39 years. Households in Pakenham are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Pakenham work in a trades occupation.In 2021, 65.00% of the homes in Pakenham were owner-occupied compared with 65.00% in 2016.

Pakenham has 28,145 properties. Over the last 5 years, Houses in Pakenham have seen a 16.16% increase in median value, while Units have seen a 22.12% increase. As at 31 August 2026:

  • The median value for Houses in Pakenham is $739,578 while the median value for Units is $537,426.
  • Houses have a median rent of $570 while Units have a median rent of $500.
There are currently 246 properties listed for sale, and 84 properties listed for rent in Pakenham on OnTheHouse. According to Cotality's data, 1325 properties were sold in the past 12 months in Pakenham.

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Kevin Paghdar
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Atul Sama (Sunny)
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Raine & Horne Land Victoria
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