OFF MARKET

183-185 Newlands Drive
Paynesville VIC 3880

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Land area: 2404m2
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Property Details for 183-185 Newlands Dr, Paynesville

183-185 Newlands Dr, Paynesville is a 3 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 2404m2. While the property is not currently for sale or for rent, it was last sold in September 2018.

Building Type
House
Land Size
2404m2
Local Government
East Gippsland
Lot/Plan
1/PS442893

Last Listing description (July 2014)

BLUE WATERS - PAYNESVILLE
BLUE WATERS a waterfront beauty surrounded by established gardens. Well positioned high on the block to take full advantage of the magnificent water views and to provide room for further additions to the building if required.
BLUE WATERS is a long established, landmark property for Paynesville and the Gippsland Lakes region. The site area is well over half an acre, providing ample scope for further development by way of multi lot subdivision and/or further building. The location of the existing cottage leaves the major part of the block free for a master residence in a spectacular setting.

FEATURES INCLUDE:
2350 sq. m. Waterfront Reserve corner allotment
Private jetty berth adjacent to the site, in a well sheltered location
Original cottage completely renovated to a high standard
Completely new plumbing & wiring throughout,
fully insulated & air conditioned
English style gardens with original pathways and magnificent, mature trees
Stunning views from the main living areas
Stone paved outdoor patio
Workshop, garage & carport with auto roller door
BLUE WATERS can be either a prime development investment or an iconic residential address
or both!

Property History for 183-185 Newlands Dr, Paynesville, VIC 3880

A timeline of how this property has performed in the market
Last Sold
$840,000
19 Sep 2018
  • 19 Sep 2018
    Sold for $840,000
  • 17 Apr 2013
    Listed for Sale $770,000
  • 25 May 2001
    Sold
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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 3,104 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.