22 Thwaites Rd, Pakenham is a 3 bedroom, 1 bathroom House with 3 parking spaces and was built in 2021. The property has a land size of 1323m2 and floor size of 170m2. While the property is not currently for sale or for rent, it was last sold in October 2009.
Set on a generous 1,313 m (approx.) site, this exceptional property comes with approved plans and permits for four architecturally designed two-storey townhouses.All the groundwork has been done including endorsed plans, full landscape design and council approval through Cardinia Shire. The designs feature spacious 22 square, light-filled layouts, double garages, with private open spaces that appeal strongly to modern buyers and renters alike.With plenty of time to get started with the recent extension to commence and complete the development. The permit being valid till 09 October 2027 to commence works and till 09 October 2029 to complete works.The existing three-bedroom home comes with a secure long-term renter, providing immediate holding income while you prepare to build or land-bank for future growth. HighlightsLarge 1,313 m (approx.) residential allotmentPlans and permits approved for 4 two-storey townhousesFull set of endorsed architectural and landscape plans includedExisting 3-bedroom home with reliable tenant in placeIdeal opportunity for builders, developers, or investorsQuiet residential street close to Pakenham station, schools, shops & freeway accessWith all approvals complete and income in place, this is a turnkey development opportunity in one of Pakenhams fastest-growing pockets.
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 27,933 properties. Over the last 5 years, Houses in Pakenham have seen a 21.51% increase in median value, while Units have seen a 24.18% increase. As at 30 June 2026:
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