7/18 Racecourse RoadPakenham VIC 3810
Property Details for 7/18 Racecourse Rd, Pakenham
Last Listing description (January 2023)
Gerard Collins is pleased to offer Factory 7/18 Racecourse Road, Pakenham. This complex is very tightly held due to it's proximity to Pakenham CBD, M1 and it's easy access.
Floor area 241m2
Reception area, office and toilets
Car parks on title
Rear access and plenty of common car parking
Mezzanine floor
Currently leased to Pakenham Pro Finish until 01/09/2023 and returning $20,820 plus GST and outgoings. Excellent opportunity for the investor or owner occupier, it's here and ready to be SOLD!
Property History for 7/18 Racecourse Rd, Pakenham, VIC 3810
- 18 Oct 2022Sold for $429,999
- 11 Oct 2022Listed for Sale Contact Agent
- 04 Mar 1988Sold for $87,500
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 27,856 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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