2 Paramount WayPakenham VIC 3810
Property Details for 2 Paramount Way, Pakenham
2 Paramount Way, Pakenham is a 3 bedroom, 2 bathroom House with 1 parking spaces and was built in 1980. The property has a land size of 819m2 and floor size of 132m2. While the property is not currently for sale or for rent, it was last sold in July 2025. There are other 3 bedroom House sold in Pakenham in the last 12 months.
Last Listing description (October 2025)
Beautifully presented and set on a substantial 819m (approx) allotment, this 3-bedroom, 2-bathroom residence represents a rare and exciting opportunity in one of Pakenham's most convenient of locations.Whether you're a discerning homebuyer seeking space and comfort, a strategic investor eyeing long-term growth, or a visionary developer looking to capitalise on land value this property is a compelling prospect.Property Highlights:Immaculately maintained 3-bedroom, 2-bathroom home with a well-considered floorplanExpansive 819m (approx) block offering exceptional development scope (STCA)Recently updated zoning regulations further enhance the site's future potentialIdeal for subdivision, multi-dwelling projects, or luxury redevelopmentStrong foundations with scope to modernise or reimagine entirelyPositioned in a tightly held and highly desirable pocket of Pakenham, moments from quality schools, shopping, parklands, and public transportThis is a golden opportunity to secure a property of rare scale and possibility where lifestyle, location, and limitless potential converge.
Property History for 2 Paramount Way, Pakenham, VIC 3810
- 22 Jul 2025Sold for $695,000
- 17 Jul 2025Listed for Sale $695,000
- 26 Sep 2016Listed for Rent $320 / week
Recent sales nearby
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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 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 27,641 properties. Over the last 5 years, Houses in Pakenham have seen a 36.70% increase in median value, while Units have seen a 41.18% increase. As at 30 November 2025:
- The median value for Houses in Pakenham is $756,337 while the median value for Units is $551,951.
- Houses have a median rent of $550 while Units have a median rent of $500.
Suburb Insights for Pakenham 3810
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