385 Five Mile Road, Pakenham South, VIC 3810 sold on 25 March 2025 | OnTheHouse
SOLD
Sold on 25 Mar 2025 for $3,250,000

385 Five Mile Road
Pakenham South VIC 3810

Bedrooms: 3
Bathrooms: 2
Car spaces: 4
Land area: 311608m2
Sold By
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Elders Delaney Livestock & Property Bunyip
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Property Details for 385 Five Mile Rd, Pakenham South

Building Type
Commercial
Land Size
311608m2
Local Government
Cardinia
Lot/Plan
1/TP113893

Last Listing description (September 2025)

Offering immediate possession, this is a well located, highly established equine and beef property with all your lifestyle and income facilities in place, situated close to the Urban Growth Boundary and a convenient drive to the key racing centres at Cranbourne and Pakenham.
This very well-rounded package complete with a three bedroom home was established and operated successfully as a riding school however, it is readily suited to any form of equine activity including thoroughbreds and lucrative agistment income.
Included is a full suite of equine and agistment amenities, numerous well-fenced paddocks with boxes, stables and an indoor arena, making it a compelling ready-made choice for equine activities as well astute land bankers.

The one kilometre track on the northern boundary not only provides access to the rear for cattle activities but doubles for exercise and training of horses.
Complementing the property is a nicely appointed and renovated three bedroom home with open-plan living/dining, spacious kitchen and large bedrooms in a huge garden setting. The master bedroom offers walk-in robe and ensuite access to the twin vanity bathroom, separate shower and toilet.
Additionally, there is an office with built- in storage and direct access from the adjoining mud room, as well as storage above in the attic..
Externally there are 14 sizable paddocks plus 8 day-yards, with troughs and accessed via a laneway system, all leading from the main activity centre plus a range of shedding.
Key features include:
- significant landbank location, 2.5Kms from UGB at Pakenham,
- quality mixed equine and livestock facilities and a spacious family residence,
- proven history as a superior riding school complex, offering immediate possession,
- 3 entrances, 1 kilometre long track, linked laneways, livestock paddocks, yards, etc.
- Underground power, 3ph on site, stock bore, 2 x 100,000 litre tanks, all connected,
- 70Mx30M indoor arena, fibre and river sand surface, viewing bay, sprinklers, LEDs,
- 23 unit stable compound, lights, power, water, etc. with walk yard, lunging yard,
- 14 paddocks (7 with boxes), 8 day yards, troughs, electric fence and sight wires,
- Good range of sheds include large machinery, hay, workshop, general purpose, wood,
chook shed, garage, old dairy currently being converted to office/accommodation,
- 3 bedroom plus study, WB home, all electric, modernised, RC ducted air, veranda.
This is an attractive package offering great potential for landbank investors to secure such a property
with sound infrastructure in place to the added benefit of potential long term tenancy......

For further information or to arrange a private inspection, please contact: RAY CULLEN

Property History for 385 Five Mile Rd, Pakenham South, VIC 3810

A timeline of how this property has performed in the market
Last Sold
$3,250,000
25 Mar 2025
  • 25 Mar 2025
    Sold for $3,250,000
  • 19 Mar 2025
    Listed for Sale Not Disclosed
  • 08 Oct 2024
    Listed for Sale Not Disclosed
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About Pakenham South 3810

The size of Pakenham South is approximately 22.7 square kilometres. The population of Pakenham South in 2016 was 216 people. By 2021 the population was 229 showing a population growth of 6.0% in the area during that time. The predominant age group in Pakenham South is 50-59 years. Households in Pakenham South are primarily couples with children and are likely to be repaying not stated per month on mortgage repayments. In general, people in Pakenham South work in a trades occupation.In 2021, 70.20% of the homes in Pakenham South were owner-occupied compared with 72.40% in 2016.

Pakenham South has 127 properties. Over the last 5 years, Houses in Pakenham South have seen a 28.04% increase in median value. As at 30 November 2025:

  • The median value for Houses in Pakenham South is $1,634,376 while the median value for Units is $1,082,936.
There are currently 6 properties listed for sale, and no properties listed for rent in Pakenham south on OnTheHouse. According to Cotality's data, 2 properties were sold in the past 12 months in Pakenham south.

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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.