FOR SALE
$320,000

16 Wisteria Place
Paynesville VIC 3880

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1621m2
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Unlock the Potential: Prime Land Opportunity in a Sought-After Location

In the ever-evolving real estate market, the availability of a large vacant block of land in a premium location is a rare and exciting opportunity. A plot of land over 1600 square metres, with all essential services readily available, offers immense potential for investors, developers, and homebuilders alike.
Located in a highly sought-after neighborhood, this substantial parcel of land presents endless possibilities. Whether you're looking to create your dream home with sprawling outdoor space, or you're a developer eager to take advantage of a prime location for subdivision (subject to council approval), this site is a canvas waiting to be transformed.
Why This Land is a Must-See
Size and Space: With over 1600sqm to work with, the land offers a rare combination of size and versatility. Whether you're envisioning a single luxurious residence or multiple smaller properties, the sheer expanse of the land provides the flexibility to cater to various development ideas.
Premium Location: Situated in one of the most coveted areas, this block is within proximity to local amenities such as schools, parks, shopping precincts, and public transport links. Its central location ensures that any development will attract strong demand from prospective buyers or tenants.
Subdivision Potential: (subject to council approval), the land has the potential to be subdivided into smaller lots. This is an excellent opportunity for developers looking to capitalize on the area's growth potential.
Ready to Build: The availability of all essential services-such as water, electricity, and sewerage-makes this site an attractive proposition for those ready to break ground. The groundwork is already laid for a smooth transition from purchase to development.
In the world of real estate, opportunities like this don't come often. Whether you're an investor looking to develop or someone seeking to craft a unique residential property, this large vacant block represents an exceptional opportunity that should not be overlooked.
Contact Bret Ward today to learn more about this exciting prospect and explore the possibilities that await on 0427562644 for further information.
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Property Details for 16 Wisteria Pl, Paynesville

16 Wisteria Pl, Paynesville is a 0 bedroom, 0 bathroom House. The property has a land size of 1621m2. The place is currently for sale with Elders Real Estate Bairnsdale.

Building Type
House
Land Size
1621m2

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About Paynesville 3880

The size of Paynesville is approximately 7 square kilometres. It has 8 parks covering nearly 3.7% of total area. The population of Paynesville in 2011 was 3,236 people. By 2016 the population was 3,476 showing a population growth of 7.4% in the area during that time. The predominant age group in Paynesville is 60-69 years. Households in Paynesville are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Paynesville work in a professional occupation. In 2011, 72.3% of the homes in Paynesville were owner-occupied compared with 71.5% in 2016.

Paynesville has 3,106 properties. Over the last 5 years, Houses in Paynesville have seen a 49.15% increase in median value, while Units have seen a 44.12% increase. As at 31 October 2024:

  • The median value for Houses in Paynesville is $560,256 while the median value for Units is $352,705.
  • Houses have a median rent of $470 while Units have a median rent of $380.
There are currently 87 properties listed for sale, and 6 properties listed for rent in Paynesville on OnTheHouse. According to CoreLogic's data, 128 properties were sold in the past 12 months in Paynesville.

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Bret Ward
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