5 The Parkway, Patterson Lakes, VIC 3197 | Property Value & History | OnTheHouse
OFF MARKET

5 The Parkway
Patterson Lakes VIC 3197

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 240m2
Land area: 611m2
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Property Details for 5 The Parkway, Patterson Lakes

5 The Parkway, Patterson Lakes is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1996. The property has a land size of 611m2 and floor size of 240m2. While the property is not currently for sale or for rent, it was last sold in June 2023.

Building Type
House
Year Built
1996
Floor Size
240m2
Land Size
611m2
Local Government
Kingston
Lot/Plan
3/PS336793

Last Listing description (November 2023)

Completely refurbished & refreshed and with nothing left to do, this beautifully appointed 4-bedroom plus study home presents buyers with a fabulous turn-key opportunity in an equally fabulous family-friendly neighbourhood.
Tailor-made for those that love to entertain, accommodation includes both formal and casual living/dining areas and a stylish gourmet kitchen with waterfall-edge stone benchtops & premium appliances along with a sheltered alfresco patio in the sundrenched north-facing yard - perfect for summer barbeques with loved ones.
All four bedrooms are positioned upstairs, away from the home's social areas; including the decadent master with sitting area, fully-tiled ensuite and huge walk-in robe. A ground floor study is a highly sought-after inclusion while also offered are ducted heating and evaporative cooling, ducted vacuum, plantation shutters, a guest powder room, full laundry with outdoor access, alarm, video intercom and double auto garage.

Within easy reach of the suburb's shopping centres, primary school and kindergarten, the home is also just minutes to Cornish College, the bay and freeways for a quick weekend getaway or direct workday commute.

Property History for 5 The Parkway, Patterson Lakes, VIC 3197

A timeline of how this property has performed in the market
Last Sold
$1,280,000
26 Jun 2023
Listed for Rent
$800/w
08 May 2022
  • 26 Jun 2023
    Sold for $1,280,000
  • 15 May 2023
    Listed for Sale $1,250,000-$1,330,000
  • 05 May 2022
    Listed for Rent - Price not available
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About Patterson Lakes 3197

The size of Patterson Lakes is approximately 4.3 square kilometres. There are 17 parks, covering nearly 11.5% of the total area. The population of Patterson Lakes in 2016 was 7564 people. By 2021 the population was 7793 showing a population growth of 3.0% in the area during that time. The predominant age group in Patterson Lakes is 50-59 years. Households in Patterson Lakes are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Patterson Lakes work in a professional occupation.In 2021, 79.50% of the homes in Patterson Lakes were owner-occupied compared with 79.40% in 2016.

Patterson Lakes has 4,025 properties. Over the last 5 years, Houses in Patterson Lakes have seen a 14.06% increase in median value, while Units have seen a 13.39% increase. As at 31 May 2026:

  • The median value for Houses in Patterson Lakes is $1,368,873 while the median value for Units is $733,258.
  • Houses have a median rent of $823 while Units have a median rent of $650.
There are currently 28 properties listed for sale, and 11 properties listed for rent in Patterson lakes on OnTheHouse. According to Cotality's data, 152 properties were sold in the past 12 months in Patterson lakes.

Suburb Insights for Patterson Lakes 3197

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Cotality Copyright and Legal Disclaimers about Property Data
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.