OFF MARKET

21 Newlands Drive
Paynesville VIC 3880

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 814m2
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Last updated 4 Nov 2024
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Property Details for 21 Newlands Dr, Paynesville

21 Newlands Dr, Paynesville is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 814m2. While the property is not currently for sale or for rent, it was last sold in March 2006.

Building Type
House
Land Size
814m2
Local Government
East Gippsland
Lot/Plan
6/PP5627

Last Listing description (January 2021)

Phone Enquiry ID: 81100

Newly updated and with double glazing, this unique property is full of flexibility. Two independent units linked via an internal door, each self contained. Live in one and rent the other, set up as a spacious family home with room to escape, invest and enjoy returns from two units or use your own imagination. This property has options.


Currently offered on Air BnB as two independent units within easy walking distance to the shops and ferry along a lakeside walking track.

Property is offered subject to subdivision.

Jetty berth available.

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Property History for 21 Newlands Dr, Paynesville, VIC 3880

A timeline of how this property has performed in the market
Last Sold
$450,000
13 Mar 2006
  • 31 Dec 2019
    Listed for Sale $680,000
  • 13 Mar 2006
    Sold for $450,000

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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 3,091 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 89 properties listed for sale, and 7 properties listed for rent in Paynesville on OnTheHouse. According to CoreLogic's data, 126 properties were sold in the past 12 months in Paynesville.

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