17 Parmentier Way, Pakenham VIC 3810
17 Parmentier Way, Pakenham VIC 3810
4 bed family house | ~350m² block | Lakeside estate pocket | strong amenity walkability | compact but capable family layout
This property holds a clear competitive edge for family buyers in Pakenham’s newer estate market. The four-bedroom, two-bathroom configuration on a compact 350m² block is exactly what the modern family segment is looking for—practical, low-maintenance, and move-in ready. The internal layout at roughly 200m² is generous for the block size, and the inclusion of solar, a water tank, ducted heating, and multiple living zones lifts it above entry-level stock in the area. It sits comfortably within the family-oriented Lakeside precinct, where schools, the recreation reserve, and Cardinia Road Station are all within reasonable walking distance. That combination of configuration and location makes it particularly well suited to young families or first-time family buyers who want space without the upkeep of a larger yard.
The main value consideration here is the land size. At approximately 350m², the block is smaller than older Pakenham stock, which may limit appeal for buyers seeking a substantial outdoor area. The property’s value is therefore more dependent on the quality of the house itself and the strength of the immediate estate environment than on land content. Buyers should weigh how the compact block affects long-term flexibility, particularly if future extensions or significant outdoor entertaining are planned. The modern build quality, efficient layout, and established amenity around the property may offset that constraint for the right buyer, but it remains the factor most likely to shape how the price is negotiated.
|| Comparable Sales: 9 Parmentier Way sold $719k in 2025 | Property Price Band: $700k–$800k | Value Drivers: modern condition, compact land size, estate location with school and station access
Detailed Independent Property Report prepared by PropCred Analyst team for 17 Parmentier Way, Pakenham VIC 3810
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
Execution Risk
2
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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: 9 Parmentier Way sold $719k in 2025 | Property Price Band: $700k–$800k | Value Drivers: modern condition, compact land size, estate location with school and station access
Bedrooms
4
Bathroom
2
Parking
2
Land
347m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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