10/5 Melissa Way, Pakenham, VIC 3810 | Property Value & History | OnTheHouse
OFF MARKET

10/5 Melissa Way
Pakenham VIC 3810

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 83m2
Land area: 176m2
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Property Details for 10/5 Melissa Way, Pakenham

10/5 Melissa Way, Pakenham is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2014. The property has a land size of 176m2 and floor size of 83m2. While the property is not currently for sale or for rent, it was last sold in May 2022.

Building Type
Unit
Year Built
2014
Floor Size
83m2
Land Size
176m2
Local Government
Cardinia
Lot/Plan
10/PS632446

Last Listing description (August 2022)

* Buyers please note this property is currently leased until the 7th of January 2023 *

Well positioned in a quality unit group is this immaculately presented property, perfect the astute investor.

Offering:
- Two bedrooms with built in robes
- Semi - Ensuite with separate toilet
- Open plan kitchen, living and dining
- Kitchen featuring stainless steel appliances including oven, cooktop and rangehood
- Stone bench tops in kitchen
- Ducted heating and a split system air - conditioner
- Single car garage
- Low maintenance backyard area

This unit is located is located close to schools, kindergartens and public transport, plus many walking tracks and only a short drive to the M1 Freeway.

Whether you are looking to expand your investment portfolio or investing for the first time you can buy with confidence knowing you've got a good quality unit with a wonderful tenant on a lease paying $1,325.30 per month.

Please note: All property details listed were current at the time of publishing. Due to extreme buyer demand, some properties may have been sold in the preceding 24 hours. Therefore confirmation of all opens with the listing agent within 24 hours of their scheduled opening is advised.

Property History for 10/5 Melissa Way, Pakenham, VIC 3810

A timeline of how this property has performed in the market
Last Sold
$455,000
25 May 2022
Listed for Rent
$280/w
24 Dec 2015
  • 25 May 2022
    Sold for $455,000
  • 04 May 2022
    Listed for Sale $420,000 to $460,000
  • 18 Nov 2015
    Listed for Rent - Price not available
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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 27,521 properties. Over the last 5 years, Houses in Pakenham have seen a 24.73% increase in median value, while Units have seen a 29.08% increase. As at 30 April 2026:

  • The median value for Houses in Pakenham is $758,725 while the median value for Units is $557,779.
  • Houses have a median rent of $560 while Units have a median rent of $500.
There are currently 261 properties listed for sale, and 55 properties listed for rent in Pakenham on OnTheHouse. According to Cotality's data, 1485 properties were sold in the past 12 months in Pakenham.

Suburb Insights for Pakenham 3810

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.