OFF MARKET

1/1 Main Road
Paynesville VIC 3880

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 220m2
Land area: 155m2
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Property Details for 1/1 Main Rd, Paynesville

1/1 Main Rd, Paynesville is a 3 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1980. The property has a land size of 155m2 and floor size of 220m2. While the property is not currently for sale or for rent, it was last sold in December 2022.

Building Type
Unit
Year Built
1980
Floor Size
220m2
Land Size
155m2
Local Government
East Gippsland
Lot/Plan
1/SP25933

Last Listing description (February 2023)

Located on the corner of Main Road and Newlands Drive, 1/1 Paynesville Road is the best location in town. With views across Progress jetty to Raymond Island and the perfect balcony to sit to take in the view, this is the life you have dreamed of. Inside the home has 2 bedrooms, bathroom and 2 toilets, open plan/ living/dining and kitchen, balcony with pull down blinds, double glazed windows, new kitchen with stone bench tops, dishwasher, gas cooktop and comfort levels maintained with a reverse cycle air conditioner. The main bedroom has walk through robes, whilst the other bedroom has built in robes. The rear of the property has a small private courtyard with covered timber deck, ideal for having a bbq in private, or just soaking up the afternoon sun. There is also an access gate out onto the street behind and 3kwts of some solar panels on the roof. Downstairs is the direct access to the single car garage and another lounge room/bedroom for guests, there is also ample extra storage behind the wall as well. The property is available from the 27th of January 2023. Our agency requires a completed application prior to arranging an inspection time. The approved applicant will require good rental history.

Property History for 1/1 Main Rd, Paynesville, VIC 3880

A timeline of how this property has performed in the market
Last Sold
$550,000
02 Dec 2022
Listed for Rent
$500/w
31 Jan 2023
  • 23 Dec 2022
    Listed for Rent - Price not available
  • 02 Dec 2022
    Sold for $550,000
  • 09 Nov 2022
    Listed for Sale Not Disclosed
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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 3,091 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 89 properties listed for sale, and 7 properties listed for rent in Paynesville on OnTheHouse. According to CoreLogic's data, 126 properties were sold in the past 12 months in Paynesville.

Suburb Insights for Paynesville 3880

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.