OFF MARKET

12 Mcmillan Grove
Paynesville VIC 3880

Bedrooms: 6
Bathrooms: 2
Car spaces: 2
Land area: 1012m2
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Property Details for 12 Mcmillan Gr, Paynesville

12 Mcmillan Gr, Paynesville is a 6 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 1012m2. While the property is not currently for sale or for rent, it was last sold in March 2022.

Building Type
House
Land Size
1012m2
Local Government
East Gippsland
Lot/Plan
86/LP55819

Last Listing description (June 2022)

Here is an opportunity to purchase this two storey complex offering 2 x 3 bedroom units positioned close to the waterfront and boasting water views from second level. Obtain an income from both units or rent one and live in the other. Unit 2 currently rented at $300.00 per week and Unit 1 advertised at $350.00 pw.
Unit 2 comprises spacious living area with updated kitchen and lake views from the balcony. Three spacious bedrooms, bathroom with shower over bath, laundry, separate shower room and WC.

Unit 1 has new roller blinds and has been partially repainted and comprises open plan living area, adjoining kitchen with gas cooking, three spacious bedrooms, laundry, bathroom, separate shower room, WC and direct access to the rear yard.
Each of the units have split system heating/cooling and there is also a double colorbond garage and garden shed.

Property History for 12 Mcmillan Gr, Paynesville, VIC 3880

A timeline of how this property has performed in the market
Last Sold
$540,000
25 Mar 2022
Listed for Rent
$220/w
31 May 2016
  • 25 Mar 2022
    Sold for $540,000
  • 22 Nov 2021
    Listed for Sale $565,000
  • 28 Aug 2019
    Listed for Rent $260 / week
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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 88 properties listed for sale, and 7 properties listed for rent in Paynesville on OnTheHouse. According to CoreLogic's data, 130 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.