11 Devine Drive, Pakenham VIC 3810
11 Devine Drive, Pakenham VIC 3810
3-car townhouse | Family suburb | Fast turnover | Rental demand | Parking edge
A rare competitive edge is provided by the three-car configuration, which accommodates multi-vehicle households or home-based trades. The townhouse is situated in a family-oriented suburb with fast sales turnover and dependable rental demand, reflecting a healthy owner-occupier and investor base. It is best suited to first-home buyers, young families, or investors seeking an affordable, low-maintenance purchase without sacrificing practical space. The property’s strengths are its parking count, efficient layout and strong local liquidity, which together create a functional package that meets the needs of a wide range of buyers.
The property’s value may be shaped by its land dimension and build era. Perceived quality might be affected by condition and presentation, while specific storage or trailer needs might be served by the three-car layout. Price upside may be limited by a smaller land parcel, but that could be offset by the parking advantage. Future infrastructure or zoning changes might alter demand, yet none are currently indicated. Weighted consideration of these factors is advised when forming a price view.
Detailed Independent Property Report prepared by PropCred Analyst team for 11 Devine Drive, Pakenham VIC 3810
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
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Market Insight
Pakenham, in Melbourne’s outer south-east, is a family-driven growth corridor. House medians sit around $700,000, with annual growth of 6.1–8.0%; units range $515,000–$547,500, growing up to 10% annually. Family demand is explicit: four-bedroom houses command $750,000–$959,000, and sales volumes of 1,039–1,239 a year with median days on market of 15–16 signal competitive conditions. Rental yields are modest—houses 4.08%, units 4.6–5.0%—but weekly rents hold at $550–$560 for houses and $470–$500 for units, keeping investor interest. Regional rail and road links to Melbourne plus infrastructure works support future growth. Constraints: affordability is stretched near $700,000, supply is moderate (64 listings), and growth is interest-rate sensitive.
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PropCred Estimated Value
Comparable Sales: 3-bed Pakenham townhouse sold for $560K and another at $645K | Property Price Band: 550K-650K | Value Drivers: parking capacity, layout, local demand
Bedrooms
3
Bathroom
2
Parking
-
Land
470m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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