OFF MARKET

126 Newlands Drive
Paynesville VIC 3880

Bedrooms: 4
Bathrooms: 2
Car spaces: 1
Floor area: 160m2
Land area: 879m2
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Last updated 11 Nov 2024
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Property Details for 126 Newlands Dr, Paynesville

126 Newlands Dr, Paynesville is a 4 bedroom, 2 bathroom House with 1 parking spaces and was built in 1975. The property has a land size of 879m2 and floor size of 160m2. While the property is not currently for sale or for rent, it was last sold in July 2023.

Building Type
House
Year Built
1975
Floor Size
160m2
Land Size
879m2
Local Government
East Gippsland
Lot/Plan
7/LP73948

Last Listing description (July 2023)

Welcome to this double-storey home that offers everything you need for comfortable living. Nestled in a fantastic location, this property is sure to impress with its desirable features and elevated views from the balcony. Let's take a closer look at what this home has to offer.
Ground floor bedroom with small ensuite through to study or 4th bedroom, multi purpose room with laundry. Heading upstairs, features include an open-plan living area, which creates a seamless flow between the kitchen, dining, and lounge area, this layout is perfect for entertaining friends and family or simply enjoying quality time together. The living area is equipped with reverse cycle air conditioning, ensuring year-round comfort, and a gas log fire for those cozy winter nights. Two generous sized bedrooms, each offering comfort and privacy. Second bathroom with dual access. One of the highlights of this property is the balcony with elevated views. Enjoy your morning coffee or relax in the evenings while taking in the picturesque surroundings. It's the perfect spot to unwind and soak up the serenity of your surroundings.
The property offers both internal and external stairs, providing easy access to the manicured backyard. The backyard is beautifully landscaped and maintained, providing a tranquil oasis for outdoor activities or hosting gatherings. There is a driveway leading to a carport, which offers under-cover access to the home, providing convenience and protection from the elements. Additionally, a side driveway leads to the yard and a double shed, providing ample storage for vehicles, tools, or other belongings.

Situated on a generous 879sqm of land, this property offers plenty of space for outdoor activities and potential future expansions. Currently, the property is rented out to exceptional renters, making it a great investment opportunity for those looking for a steady income stream.

Property History for 126 Newlands Dr, Paynesville, VIC 3880

A timeline of how this property has performed in the market
Last Sold
$605,000
07 Jul 2023
Listed for Rent
$340/w
30 Oct 2018
  • 07 Jul 2023
    Sold for $605,000
  • 09 Jun 2023
    Listed for Sale $615,000
  • 11 Sep 2018
    Listed for Rent $340 / 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 90 properties listed for sale, and 8 properties listed for rent in Paynesville on OnTheHouse. According to CoreLogic's data, 129 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.