575 Mcdonalds Drain RoadPakenham South VIC 3810
Property Details for 575 Mcdonalds Drain Rd, Pakenham South
Last Listing description (July 2022)
This premier 49 acres (approx.) of strong pastures to 10 paddocks is located in a highly regarded farming area proximate to the M1 Freeway at Pakenham. Located just off Ballarto Road this is your opportunity to benefit from the enormous potential of this substantial land holding as Pakenham continues its relentless expansion. Currently set up for cattle there is scope to run the livestock of your choice, with a reliable stock water source from McDonalds Drain. Essentially a blank canvas (there is the shell of a house and some shedding in a dilapidated state on the property), this is a blue chip investment to your future. Inspect with confidence.
Property History for 575 Mcdonalds Drain Rd, Pakenham South, VIC 3810
- 27 Nov 2020Sold for $1,160,000
- 09 Dec 2019Listed for Sale $1,200,000
- 19 Sep 2016Transferred
Recent sales nearby
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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 4.61% increase in median value. As at 31 August 2026:
- The median value for Houses in Pakenham South is $1,498,688 while the median value for Units is $970,541.
Suburb Insights for Pakenham South 3810
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