28 Clearwater Drive, Pakenham VIC 3810

Large family home | Lakeside precinct positioning | 740m² land with 47% coverage | High confidence value below guide This property presents a competitively strong offering for a family seeking space and established amenity in a growth corridor. Its 740-square-metre allotment with a substantial 345-square-metre building footprint provides a rare combination of scale and utility in the Pakenham Lakeside precinct, a location distinguished by immediate access to parklands and water. The four-bedroom, two-bathroom configuration with multiple living areas and a study caters directly to the established family demographic that dominates the local area, offering functional separation and room for growth. The absence of bushfire, flood, or heritage overlays simplifies due diligence and removes common planning impediments to future alteration or development, solidifying its appeal as a straightforward residential holding. The primary decision point rests on reconciling the current price guide with the high-confidence valuation, which sits approximately $77,000 below the guide’s midpoint. This gap represents a tangible market risk, requiring the buyer to either secure a purchase price aligned with the $998,000 valuation or accept paying a premium for perceived lifestyle attributes. The property’s history of a 481-day listing in 2010 suggests potential market selectivity, underscoring the need for precise pricing. However, its last sale a decade ago indicates significant equity growth, and the precinct’s ongoing development of childcare and schools supports long-term demand. Acquire at or near the valuation to establish an immediate equity buffer; this house is best held as a long-term family residence where its land component and functional layout will sustain utility and appeal. Recent nearby comparables inform the valuation: * 8 Camdolle Close, Pakenham * 36 Henry Lawson Drive, Pakenham * 36 Everly Circuit, Pakenham * 37 Lakeside Boulevard, Pakenham * 17 Rachael Court, Pakenham * 9 Dutton Place, Pakenham * 5 Isaac Court, Pakenham * 15 Ironbark Circuit, Pakenham * 20 Oban Road, Officer South * 18 Pioneer Way, Officer * 54 Shearwater Drive, Pakenham * 9 Rockies Ridge, Pakenham * 7 Irving Road, Pakenham * 12 Meeking Drive, Pakenham * 59 Barrington Drive, Pakenham * 14 Watts Terrace, Pakenham * 3 Sundew Crescent, Pakenham * 5 Storey Drive, Pakenham * 32 Victoria Place, Pakenham This volume of recent local sales activity provides a robust data set, confirming the established valuation is grounded in direct market evidence and reinforcing that a purchase above the high-confidence figure requires justification through the property’s specific superior attributes or personal utility.