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Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

384 Pakington Street
Newtown, VIC 3220

3
Bed
1
Bath
3
Cars
Land Size: 688 sqm
Property Type: House
Listed Date: 2nd Apr 2026
Last Updated: 22nd Apr 2026
Overview

Pakington Street Opportunity with Mixed Use Zoning

Positioned for maximum exposure and exceptional flexibility, this property at 384 Pakington Street, Newtown presents a rare opportunity to acquire a substantial holding of approximately 688 square meters. This site offers both residential comfort and significant commercial potential due to its Mixed Use Zoning.

The existing residence is a well-laid-out home featuring three spacious bedrooms and one bathroom. It includes multiple living zones such as a central lounge, meals area, and sunroom, all supported by a functional kitchen and an additional separate WC. The generous room sizes and practical floorplan provide immediate usability while also offering scope for modernization or reconfiguration to suit a variety of needs.

What distinguishes this property is the expansive rear infrastructure and access. A large workshop/garage with a mezzanine level, rear lane access, and extensive on-site parking create an ideal foundation for a home business, trades operation, or professional conversion, subject to council approval (STCA). The property features a separate courtyard, multiple entry points, and clear separation between the front residence and rear workspace, making it perfectly suited for office, medical, or consulting use.

Located on a high-visibility strip of Pakington Street, the property benefits from strong passing traffic, enhancing its commercial appeal. This is an exceptional opportunity to live, invest, or operate a business in one of Newtown's most prominent locations.

  • House area approximately 139 square meters.
  • Workshop area approximately 313 square meters.
  • Expansive 688 square meter allotment with Mixed Use Zoning.
  • Three spacious bedrooms with flexible layout potential.
  • Multiple living areas including lounge, meals, and sunroom.
  • Functional kitchen with adjoining meals space.
  • Large rear workshop/garage with mezzanine level.
  • Rear lane access enhancing functionality and logistics.
  • Ample on-site parking with long driveway access.
  • Courtyard area providing separation and versatility.
  • Ideal for office, medical, or consulting use (STCA).
  • High-exposure location with strong passing traffic.
  • Exceptional opportunity to live, invest, or operate a business in a prominent strip.

All information provided is gathered from sources believed to be reliable; however, accuracy cannot be guaranteed. Interested parties should rely on their own enquiries.

Change History
Headline When
$2,500,000
$2,700,000 - $2,970,000
Location
384 Pakington Street
Newtown VIC 3220
Measurements
Type Dimensions
Floor Area 139 sqm
Market Insights for Newtown VIC 3220
New Listings (last 30 days)
8
Average price
$4,067,500
Lowest price
$1,695,000
Highest price
$7,500,000
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$7,500,000 - $8,250,000
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* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.