59 Princes HighwayPakenham VIC 3810
Property Details for 59 Princes Hwy, Pakenham
Last Listing description (May 2025)
Located at the strategic junction of 59 Princes Highway, Pakenham, this expansive plot spans approximately 983m2 and is imbued with exceptional development potential thanks to its Activity Zoning classification. This prime piece of real estate offers developers an unparalleled opportunity to capitalize on its prominent position along the iconic Princes Highway, ensuring maximum visibility and accessibility.
The existing residence on the site presents a unique opportunity for creative renovation or complete redevelopment, offering the flexibility to imprint a visionary design or to pursue a transformative project that leverages the full potential of this location.
This is a rare opportunity to play a pivotal role in the evolution of Pakenham's landscape. We invite you to get in touch today to explore the vast possibilities this property has to offer and to take the first step towards realizing your development ambitions at this prime location.
Call Shan on 0416 891 662 to arrange an inspection!
Disclaimer: We have in preparing this document used our best endeavours to ensure that the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability with respect to any errors, omissions, inaccuracies or misstatements in this document. Prospect purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquiries and refer to the due diligence checklist provided by Consumer Affairs. Click on the link for a copy of the due diligence checklist from Consumer Affairs.
http://www.consumer.vic.gov.au/duediligencechecklist
Property History for 59 Princes Hwy, Pakenham, VIC 3810
- 10 Apr 2025Sold for $720,000
- 06 Mar 2025Listed for Sale $699,000 - $765,000 - Must Sell!!
- 09 Apr 2024Listed for Rent - Price not available
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About Pakenham 3810
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 27,505 properties. Over the last 5 years, Houses in Pakenham have seen a 24.73% increase in median value, while Units have seen a 29.08% increase. As at 30 April 2026:
- The median value for Houses in Pakenham is $758,725 while the median value for Units is $557,779.
- Houses have a median rent of $560 while Units have a median rent of $500.
Suburb Insights for Pakenham 3810
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