Offering a blank canvas of 8.5 Acres (approx) with panoramic views right in the heart of Pakenham this amazing property offers a rural type lifestyle with all the amenities of urban life right on the doorstep.
Ideally suited for the equestrian enthusiast, there is a generous building envelope on which to build your dream home and shed; and a guaranteed and recurring income stream of approximately $11,000 per annum this is a unique opportunity to spread your wings. Sensational buying here!
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 27,648 properties. Over the last 5 years, Houses in Pakenham have seen a 36.25% increase in median value, while Units have seen a 28.18% increase. As at 31 December 2025:
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