OFF MARKET

2/116 Main Road
Paynesville VIC 3880

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 78m2
Land area: 195m2
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Last updated 11 Nov 2024
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Property Details for 2/116 Main Rd, Paynesville

2/116 Main Rd, Paynesville is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 1983. The property has a land size of 195m2 and floor size of 78m2. While the property is not currently for sale or for rent, it was last sold in May 2022.

Building Type
House
Year Built
1983
Floor Size
78m2
Land Size
195m2
Local Government
East Gippsland
Lot/Plan
2/SP22608

Last Listing description (May 2024)

What a great unit this is! Situated in Main Road in Paynesville this lovely two bedroom unit will suit people wanting a low maintenance lifestyle. Open plan living is complimented by the generous sized bedrooms with built-in robes. The kitchen provides good storage & bench space with electric upright oven plus dishwasher. The living area has a northern aspect with split system, heating/cooling and easy access to the bedrooms & bathroom. Outside includes secure yard, tool shed with concrete floor and a great little entertaining area.

Property History for 2/116 Main Rd, Paynesville, VIC 3880

A timeline of how this property has performed in the market
Last Sold
$345,000
03 May 2022
Listed for Rent
$350/w
01 May 2024
  • 01 May 2024
    Listed for Rent $350 / week
  • 21 Jul 2022
    Listed for Rent $340 / week
  • 03 May 2022
    Sold for $345,000
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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.

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.