365 Five Mile Road, Pakenham South, VIC 3810, Australia

Just 70Km from Melbourne CBD via the Princes Hwy, a 6-minute drive to the local community of Pakenham South and only a 15-minute drive to the bustling city of Pakenham. This well-located property on Five-Mile Road is a farm just shy of 40 hectares, rectangular in shape bounded by Five-Mile Road and Hall Rd. less a corner block of approx. 100 x 200 meters at the intersection of these two roads.
Set back approximately 150 meters from the road a modern 4-bedroom 2-bath home provides good family accommodation in a quiet rural setting or could be leased as a separate concern, renovations and extensions would be Subject to Council Approval. Outbuildings and sheds provide good storage for vehicles, feed and stock with the associated rain-water tanks providing water for multiple uses.
The property offers country living with modern city facilities nearby providing a lifestyle often sort after but seldom found. The land receives good seasonal rainfall providing the opportunity to farm a variety of livestock that could include poultry, cattle, sheep, pigs etc. In addition, it's only a short drive to Western Port Bay, Tooradin airport, Hastings, and great surf beaches around Philip Island.
Multiple schools are within a 10 km radius and the rapidly growing outer Melbourne suburb of Pakenham providing all the facilities for a modern lifestyle including 2 suburban rail stations, fashion shops, supermarkets, light industries and more. The Victorian Government recently completed a large railway repair and storage facility East of Pakenham increasing job opportunities in the area.
Although the direction of future development in this area is unknown, multiple infrastructure projects have been completed with others ongoing as outward expansion from Pakenham toward east Gippsland continues. Pakenham's current population of 58,025 (2024 ) and is projected to grow to 82,914 by 2041.
Features
Modern 4 bed, 2 bath home of approx. 228m2
Farm storage sheds
Approx 40 Ha suitable for a variety of stock
Easy access to shops and railway stations
Good access to major highways and East Gippsland
Council Rates $1724.45/qtr Ground water fee $116/qtr