14/40 Army RoadPakenham VIC 3810
Property Details for 14/40 Army Rd, Pakenham
14/40 Army Rd, Pakenham is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2010. The property has a land size of 191m2 and floor size of 94m2. While the property is not currently for sale or for rent, it was last sold in July 2024.
Last Listing description (July 2024)
This attractive two-bedroom unit, located on the north side of the highway, offers a spacious and private living environment. The master bedroom features a large walk-in robe leading to the bathroom, while the second bedroom boasts a built-in robe. The hallway includes additional built-in storage cupboards, enhancing the unit's practicality.
The kitchen is well-appointed with ample storage and bench space, complemented by stainless steel gas appliances. It overlooks the meals area and opens to a spacious family living area, perfect for entertaining.
Outside, a lovely courtyard requires minimal maintenance, offering a peaceful retreat. The property also includes a single car garage with a remote-controlled door.
Conveniently situated just across from Pakenham Hills Primary School and a short drive from parks and new shopping complexes, this property presents an ideal investment opportunity. Currently tenanted until 30th October 2024, it is perfect for investors seeking a secure rental income.
Property History for 14/40 Army Rd, Pakenham, VIC 3810
- 04 Jul 2024Sold for $400,000
- 08 May 2024Listed for Sale $425,000-$460,000
- 31 Jul 2021Sold for $391,000
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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 27,532 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.
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