SOLD
Sold on 07 Aug 2024 for $639,000

19/19 Mitchell Street
Paynesville VIC 3880

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 111m2
Land area: 128m2
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Property Details for 19/19 Mitchell St, Paynesville

19/19 Mitchell St, Paynesville is a 3 bedroom, 2 bathroom House with 1 parking spaces and was built in 2000. The property has a land size of 128m2 and floor size of 111m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 3 bedroom House sold in Paynesville in the last 12 months.

Building Type
House
Year Built
2000
Floor Size
111m2
Land Size
128m2
Local Government
East Gippsland
Lot/Plan
19/PS414841

Last Listing description (July 2024)

Situated waterfront in Captains Cove resort complex, this 3-bedroom, 2-bathroom townhouse boasts a Northerly aspect in a sheltered part of the canal and is currently achieving exceptional returns through leasing and management by Captains Cove Resort.

Upstairs, the main bedroom features a King-sized bed, a recently updated TV, and a private balcony. Additionally, there is a second bathroom, a laundry room, and the second bedroom.

Downstairs, upon entry, you'll step into an open-plan living area, the kitchen has stone benchtops, an upgraded dishwasher, ample cupboard and bench space, a recently purchased dining table, an upgraded Smart TV with cabinet in the lounge room.

There is direct access to a covered balcony ideal for BBQ's and enjoying the sunsets in the evening. On the ground floor you will also find the third bedroom and an additional bathroom for convenience.

This fully furnished apartment offers the added convenience of use of the resort's indoor heated pool, tennis court, access to safe kayaking in the canals, your own carport and being able to have your boat tied up out the front.

Imagine owning your own waterfront property with a jetty berth, just a short stroll to Paynesville shopping center and around the corner from the boat ramp.
Under the management agreement, you can enjoy the apartment when it is not booked for free, excluding linen and cleaning fees and generate income when you are not using it.

The property has been meticulously maintained and updated by the current owners, with recent additions including downlights, new carpets, floor rugs, prints, a coffee table, lamps, and new outdoor furniture both upstairs and downstairs.

For further details and financial figures, please contact the exclusive selling agents, Bret or Jennifer Ward at Elders Real Estate on 0427562644.

Property History for 19/19 Mitchell St, Paynesville, VIC 3880

A timeline of how this property has performed in the market
Last Sold
$639,000
07 Aug 2024
  • 07 Aug 2024
    Sold for $639,000
  • 16 Apr 2024
    Listed for Sale $650,000
  • 14 Jan 2020
    Sold for $440,000
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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 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.