Lot 916 - Co- Living Ridgelea Estate - Pakenham - AUD 850,000.00

Description

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Pakenham, located approximately 54 km southeast of Melbourne’s CBD, is a rapidly growing suburb within the City of Cardinia. Known for its blend of suburban living and semi-rural surroundings, Pakenham has evolved from a rural town into a bustling residential hub with a strong sense of community. The area is particularly attractive to families, first-home buyers, and professionals looking for affordable housing options in Melbourne’s outer suburbs while maintaining good access to the city.

In terms of local amenities, Pakenham is well-serviced with a variety of parks, recreational areas, and community facilities. The Pakenham Lakeside area is a standout feature, providing walking paths, playgrounds, and scenic spots around its man-made lake. The suburb also boasts sports grounds, including Toomuc Reserve and Cardinia Life, a sports and aquatic center that offers swimming, gym facilities, and fitness classes. Several parks and green spaces add to Pakenham’s appeal for outdoor activities and family-friendly living.

When it comes to shopping, Pakenham has multiple options to cater to its growing population. The primary shopping hub is Pakenham Central Marketplace, which includes major retailers such as Woolworths, Coles, and Big W, along with a variety of specialty stores, cafes, and eateries. For additional shopping and dining options, the nearby Fountain Gate Shopping Centre in Narre Warren provides a larger selection of retail outlets, entertainment venues, and restaurants.

Pakenham has a good range of educational facilities, making it a suitable area for families. There are several primary schools, including Pakenham Springs Primary School and Pakenham Consolidated School. For secondary education, Pakenham Secondary College and Beaconhills College are popular choices. Beaconhills College offers both primary and secondary schooling on a large campus. The suburb is also home to a number of early learning centers, catering to the needs of younger families.

Transportation in Pakenham is a key strength of the suburb. It is the last stop on the Pakenham railway line, offering direct access to Melbourne’s CBD via regular train services. For those commuting by car, Pakenham is conveniently located near the Princes Freeway, providing easy access to Melbourne and other parts of Victoria. The suburb also has an extensive bus network that connects to surrounding suburbs and key locations such as train stations and shopping centers. The area is highly accessible for both drivers and those relying on public transport.

• Property Type: House and LandCo-LivingCashflow Positive
• Property Stage: N/A
• Price: $ 850,000.00
• Land Price: $ 433,000.00
• Build Price: $ 417,000.00
• Beds: 4
• Bath: 4
• Garage: 2
• Storey: 1
• Study: N/A
• Power Rooms: N/A
• MPR: N/A
• Powder Room: N/A
• Balcony: N/A
• Floor Plan: Jersey 23
• Completion: N/A
• Land Size: 448
• Area Size: 206.00
• Year Built: N/A
• Est. Rates: N/A
• Est. Rent PW: 1080.00
• Est. Body Corp.: N/A
• Title Status: March 2025
• Gross Per Week: $ 1,080.00
• Gross Per Annum: $ 56,160.00
• Gross Yield: 6.61%
• Capital Growth 12 Months: -2.40%
• Capital Growth 10 Year Annualised: 6.07%
• Vacancy Rate: 0.51%