SOLD
Sold on 13 Aug 2024 for $272,500

128 Main Road
Paynesville VIC 3880

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1012m2
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Property Details for 128 Main Rd, Paynesville

Building Type
Commercial
Land Size
1012m2
Local Government
East Gippsland
Lot/Plan
1/TP174748

Last Listing description (September 2024)

This lovely level 1000m2 allotment is titled and ready to build on, offering an exceptional opportunity for those seeking to create their dream home or develop a lucrative investment property. Positioned for convenience, the land is situated close to the bowls club, school, walking tracks and recreation ground, ensuring a lifestyle of leisure and ease. With all services available this versatile parcel presents a great 3 unit site (STCA), providing endless possibilities for the astute buyer. Don't miss out on this rare chance to secure your future in this desirable location.

Property History for 128 Main Rd, Paynesville, VIC 3880

A timeline of how this property has performed in the market
Last Sold
$272,500
13 Aug 2024
  • 13 Aug 2024
    Sold for $272,500
  • 09 Apr 2024
    Listed for Sale Not Disclosed
  • 22 Feb 2023
    Sold for $255,000
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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 3,105 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 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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LJ Hooker Paynesville
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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.