4/58 Racecourse RoadPakenham VIC 3810
Property Details for 4/58 Racecourse Rd, Pakenham
Last Listing description (November 2012)
FIRST CLASS INVESTMENT !!
Positioned right on Racecourse Road, Pakenham is this quality investment. Currently leased on a 5 year lease paying $20,000 plus GST and outgoings. The shop has a floor area of 90m2 with rear access plus plenty of car parking. Huge growth potential with the development of the Pakenham Racecourse and adjacent retirement village. It's the investment you've been waiting for, it's a must see!!
Dep 10% - Term 30/60 Days - Contact Steve Hobson 0418 897 411.
Property History for 4/58 Racecourse Rd, Pakenham, VIC 3810
- 26 Oct 2012Sold for $240,000
- 29 Sep 2012Listed for Sale AUCTION
- 14 May 2003Sold for $118,500
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0About 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 27,827 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:
- The median value for Houses in Pakenham is $765,485 while the median value for Units is $521,961.
- Houses have a median rent of $560 while Units have a median rent of $500.
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