28 Obrien Parade, Pakenham VIC 3810
28 Obrien Parade, Pakenham VIC 3810
Compact 4-bed family house | 202m² low-maintenance lot | Strong rental demand | Near Pakenham median | Ideal for first-home buyers
A complete four-bedroom, two-bathroom family layout is offered on a compact 202 square metre allotment, with external upkeep kept minimal while detached-house living is preserved. The configuration is well suited to first-home buyers and investors, who tend to value usable internal space over expansive yards. Underlying demand is supported by Pakenham’s family-oriented character and active rental market. Because the land component is unusually small, value is carried largely by the dwelling itself, with layout, presentation and condition weighing more heavily than block size. For the right buyer, a practical, low-maintenance family house is delivered in a growth corridor with steady owner-occupier and tenant interest.
The compact land size may limit long-term capital growth relative to larger-lot houses, and ongoing new house-and-land supply in Pakenham might add competitive pressure at resale. The condition of the build, the quality of internal finishes, and the usability of the outdoor space are likely to be the decisive value factors. These elements should be weighed carefully when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 28 Obrien Parade, Pakenham VIC 3810
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
1
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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: 4-bed family homes in Pakenham, recent sales around $640K and $670K | Property Price Band: $600K-$700K | Value Drivers: internal condition, layout, presentation
Bedrooms
4
Bathroom
2
Parking
2
Land
202m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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