1 Rays Way, Pakenham, VIC 3810 | Property Value & History | OnTheHouse
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1 Rays Way
Pakenham VIC 3810

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 145m2
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Property Details for 1 Rays Way, Pakenham

Building Type
Commercial
Land Size
145m2
Local Government
Cardinia
Lot/Plan
9/PS724175

Last Listing description (December 2020)

Jump into the Pakenham Industrial market with this great little warehouse.

This excellent building is located within SouthEast Business Park and offers you an opportunity to be part of the quickly growing Car Megamart Development.

The building totals 145m2 and includes roller door access, this little factory has the advantage of street frontage with easy access to the freeway and the highway.

Contact Facey Industrial Commercial on 9701 4455 or Ian Kilgour 0416 012 727

Property History for 1 Rays Way, Pakenham, VIC 3810

A timeline of how this property has performed in the market
Last Sold
$295,000
19 Jun 2018
Listed for Rent
$297/w
18 Dec 2020
  • 21 May 2020
    Listed for Rent $15,500 / year
  • 19 Jun 2018
    Sold for $295,000
  • 02 Mar 2018
    Listed for Rent - Price not available
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About Pakenham 3810

The size of Pakenham is approximately 85.9 square kilometres. It has 124 parks covering nearly 5.8% of total area. The population of Pakenham in 2011 was 33,998 people. By 2016 the population was 46,408 showing a population growth of 36.5% in the area during that time. The predominant age group in Pakenham is 0-9 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 2011, 67.6% of the homes in Pakenham were owner-occupied compared with 65% in 2016.

Pakenham has 26,557 properties. Over the last 5 years, Houses in Pakenham have seen a 30.84% increase in median value, while Units have seen a 28.35% increase. As at 31 May 2025:

  • The median value for Houses in Pakenham is $698,711 while the median value for Units is $509,239.
  • Houses have a median rent of $550 while Units have a median rent of $490.
There are currently 171 properties listed for sale, and 79 properties listed for rent in Pakenham on OnTheHouse. According to CoreLogic's data, 1234 properties were sold in the past 12 months in Pakenham.

What's around 1 Rays Way, Pakenham

1 Rays Way, Pakenham is in the school catchment zone for Pakenham Springs Primary School and Pakenham Secondary College.

Nearby Schools
Comparable Properties
Pakenham Springs Primary School
1.97km
Pakenham 3810
IN CATCHMENTPrimaryGovernmentP - 6Combined892 Enrolled
ECG College Pakenham
3.09km
Pakenham 3810
SpecialNon-GovernmentCombined Enrolled
Pakenham Secondary College
3.36km
Pakenham 3810
IN CATCHMENTSecondaryGovernment7 - 12Combined744 Enrolled
Pakenham Consolidated School
3.99km
Pakenham 3810
PrimaryGovernmentP - 6Combined621 Enrolled
Pakenham Hills Primary School
4.06km
Pakenham 3810
PrimaryGovernmentP - 6Combined380 Enrolled
Pakenham Primary School
4.2km
Pakenham 3810
PrimaryNon-GovernmentCombined Enrolled
Beaconhills College
4.24km
Address not found
CombinedNon-GovernmentP - 12Combined2902 Enrolled
Officer Secondary College (interim name)
4.29km
1 Parker Street Officer VIC 3809 Officer 3809
SecondaryGovernment7 - 12Combined Enrolled
Lakeside College
4.46km
Pakenham 3810
CombinedNon-GovernmentP - 12Combined342 Enrolled
John Henry Primary School
4.47km
Pakenham 3810
PrimaryGovernmentP - 6Combined465 Enrolled

Suburb Insights for Pakenham 3810

Market Insights
Pakenham Trends for Houses
Median Value

$699k

0.66%
View Trend
Median Growth

-1.23%

View Trend
Median Rent

$550/W

10.00%
View Trend
Rental Yield

4.32%

7.46%
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year (06/24 - 05/25)
Pakenham Trends for Units
Median Value

$509k

3.71%
View Trend
Median Growth

3.02%

View Trend
Median Rent

$490/W

11.36%
View Trend
Rental Yield

5.16%

6.83%
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year (06/24 - 05/25)
Neighbourhood Insights
Age

Population 46,408

0-9

 

19%

10-19

 

13%

20-29

 

15%

30-39

 

17%

40-49

 

13%

50-59

 

9%

60-69

 

7%

70-79

 

5%

80-89

 

2%

Household Structure
Occupancy
Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all liability for any loss or damage arising in connection with the data and information contained in this publication.
Victoria data
The State of Victoria owns the copyright in the Property Sales Data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth). The State of Victoria does not warrant the accuracy or completeness of the Property Sales Data and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.
Valuations and Estimates
This estimate is provided by CoreLogic, and is based on statistical market data such as recent local sales, property size, number of bedrooms and many more factors. It comes from public data, which may be incomplete or inaccurate, and should not be used in lieu of a professional appraisal under any circumstances, including for lending purposes or in home loan applications.
School data and Content
Product Data licenced by CoreLogic under a Creative Commons Attribution licence. For details regarding licence, data source, copyright and disclaimers, see https://www.corelogic.com.au/legals/third-party-restrictions
ABS data
This publication contains data and statistics provided by the Australian Bureau of Statistics, available at http://www.abs.gov.au/ and reproduced under Creative Commons Attribution 2.5 http://creativecommons.org/licenses/by/2.5/au/legalcode
Liveability information
The Liveability Score is a rating (out of 10) provided by Propella.ai Pty Ltd as a guide about how "well-connected" properties are in certain local areas. The Liveability Score is based on statistical data about a local area in which a property is located including the distance to and number of available facilities and services (including schools, parklands, health services, shopping and public transport) (Liveability Data). The Liveability Data and Liveability Score has not been verified or confirmed by CoreLogic, is not available for all properties, and is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. Given the relative nature of the Liveability Score, propella.ai anticipate that scores for individual properties will change over time.