OFF MARKET

124 Newlands Drive
Paynesville VIC 3880

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Land area: 798m2
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Last updated 11 Nov 2024
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Property Details for 124 Newlands Dr, Paynesville

124 Newlands Dr, Paynesville is a 3 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 798m2. While the property is not currently for sale or for rent, it was last sold in January 2018.

Building Type
House
Land Size
798m2
Local Government
East Gippsland
Lot/Plan
8/LP73948

Last Listing description (April 2018)

Location, location! Positioned nicely on the corner of Newlands Drive & Woodland Court, Newlands backwater & walking track is just a short stroll away. The home has been lovingly cared for over the years and provides the new owner with a very comfortable home. Open plan lounge & meals area with reverse cycle air conditioning & solid fuel heating, separate well equipped kitchen with 2 pantries. Main bedroom, ensuite & WIR, extra large 2nd bedroom & robes, 3rd bedroom with BIR, main bathroom & separate toilet. Bonus multi-purpose room independently located would make a great office! Easy access to the side yard, single garage with roller door & carport. Natural gas connected.

Property History for 124 Newlands Dr, Paynesville, VIC 3880

A timeline of how this property has performed in the market
Last Sold
$315,000
21 Jan 2018
  • 21 Jan 2018
    Sold for $315,000
  • 07 Sep 2017
    Listed for Sale $320,000
  • 04 Dec 2002
    Sold for $141,000

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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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