OFF MARKET

1/18 Reynolds Street
Paynesville VIC 3880

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 84m2
Land area: 174m2
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Last updated 11 Nov 2024
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Property Details for 1/18 Reynolds St, Paynesville

1/18 Reynolds St, Paynesville is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1992. The property has a land size of 174m2 and floor size of 84m2. While the property is not currently for sale or for rent, it was last sold in February 2021.

Building Type
Unit
Year Built
1992
Floor Size
84m2
Land Size
174m2
Local Government
East Gippsland
Lot/Plan
1/RP16754

Last Listing description (February 2021)

Presenting this neat and tidy home unit, in a quiet location in central Paynesville. The home is within easy walking distance to the shops and Esplanade, and also close to the Bowling Club and sporting facilities. There are only two units on the block, with the gardens set up to be low maintenance.

Consisting of two bedrooms, open plan kitchen/dining/living area, and separate bathroom and toilet. There is a lock-up garage, a workshop/garden shed, good sized private backyard and an extra allocated car space.

The unit is leased to a very good long term tenant until June 2024, at $180.00 per week.

Inspections strictly by appointment. Please call Warren Meade on 0412 981 531.

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Property History for 1/18 Reynolds St, Paynesville, VIC 3880

A timeline of how this property has performed in the market
Last Sold
$230,000
11 Feb 2021
  • 11 Feb 2021
    Sold for $230,000
  • 22 Dec 2020
    Listed for Sale $230,000
  • 25 Aug 1981
    Sold for $37,250

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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 3,107 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 90 properties listed for sale, and 9 properties listed for rent in Paynesville on OnTheHouse. According to CoreLogic's data, 129 properties were sold in the past 12 months in Paynesville.

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