Positioned on an expansive approx. 4,349m landholding, this beautifully renovated lifestyle property at 144 Ahern Road offers the perfect balance of luxury family living today and outstanding future development potential (STCA).
Set within a peaceful and established pocket of Pakenham, the property delivers a rare combination of space, privacy and long-term investment opportunity in one of Melbourne's fastest growing south-eastern corridors.
The residence has been thoughtfully renovated to create a modern and comfortable family home. Comprising five spacious bedrooms and two stylish bathrooms, the layout includes multiple living areas designed to accommodate both everyday family life and large gatherings.
At the heart of the home, a fully renovated open-plan kitchen flows seamlessly into the living and dining areas, creating a bright and welcoming environment for entertaining and family connection.
Outside, the property truly comes to life. The expansive grounds create a private lifestyle retreat featuring a swimming pool, basketball court, and a superb outdoor entertaining area, offering the ideal setting for relaxed weekends and memorable gatherings.
Beyond the immediate lifestyle appeal lies significant future opportunity. With its substantial land size, strong frontage and strategic location, the property presents excellent potential for subdivision, redevelopment or land-banking (Subject to Council Approval).
Located only minutes from **Pakenham town centre, schools, shopping facilities and major transport connections, the property benefits from strong infrastructure growth and increasing demand for larger landholdings in the area.
Whether you are searching for a premium lifestyle acreage, a strategic investment, or a future development project, this property delivers exceptional flexibility and long-term value.
Large landholdings of this scale within such a well-connected location are becoming increasingly rare.
Inspections are highly recommended.
Key Features
* Approx. 4,349m landholding (over 1 acre)
* Beautifully renovated five-bedroom family residence
* Swimming pool and basketball court
* Multiple living areas with open-plan design
* Expansive outdoor entertaining space
* Excellent subdivision or redevelopment potential (STCA)
* Close to **Pakenham centre, schools and transport
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 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 27,854 properties. Over the last 5 years, Houses in Pakenham have seen a 27.62% increase in median value, while Units have seen a 21.84% increase. As at 31 March 2026:
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