14 Worthington Boulevard, Pakenham VIC 3810
14 Worthington Boulevard, Pakenham VIC 3810
279m² build on 512m² lot | 4 bed family layout | No overlay constraints | Planned estate with reserves | Strong rental demand
A substantial 279m² floor area is positioned on a 512m² lot, which is considered larger than typical new house-and-land packages in Pakenham. The masterplanned estate is characterised by wide boulevards, planting, and open reserves, and a school site is included in the plan. Neither bushfire, flood, nor heritage overlays are detected, so due diligence is simplified. This property is well suited to families wanting a modern, low-maintenance layout with space to grow. The double garage, ensuite, and open-plan format are standard expectations, but the sheer internal area is a genuine advantage that sets it apart from compact new builds.
Value may be shaped by high building coverage, leaving a compact yard. The 2017 sale at $620K shows past uplift, but future growth depends on estate maturation. Fibre-to-the-node may matter for remote workers. Orientation and light should be checked in person. Internal size is a strength, though the land-to-building ratio may not be suited to buyers wanting a large backyard.
Detailed Independent Property Report prepared by PropCred Analyst team for 14 Worthington Boulevard, Pakenham VIC 3810
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
1
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: 57 The Circuit price guide $1.05M–$1.13M; 5 Clarendon Street leased recently | Listed Price Band: $850K–$950K | Value Indicator: 279m² floor area, 512m² lot, estate location
Bedrooms
4
Bathroom
2
Parking
2
Land
512m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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