24 Mcmillan GrovePaynesville VIC 3880
Property Details for 24 Mcmillan Gr, Paynesville
24 Mcmillan Gr, Paynesville is a 6 bedroom, 1 bathroom House with 3 parking spaces and was built in 1960. The property has a land size of 738m2 and floor size of 82m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 6 bedroom House sold in Paynesville in the last 12 months.
Last Listing description (August 2024)
Are you ready to secure your financial future with a remarkable investment property? Look no further! We are thrilled to present to you this trio of units in one convenient complex comprising of 3x1, 2x1, 1x1 units that is sure to check all the boxes on your investment wishlist.
Unit 1 currently leased at $310 per week, unit 2 currently leased at $360 per week and unit 3 currently leased at $270 per week. Totalling $945 per week.
THREE SEPARATE UNITS:
Upstairs Unit: A spacious 3 bedroom, 1 bathroom unit that has undergone renovations. The combined laundry and bathroom offer both convenience and modern comfort. Open plan living with sliding door onto a large front balcony providing views of Lake King.
Downstairs Unit: A charming 2 bedroom unit with its own combined laundry and bathroom. Open plan living with sliding door onto a private deck area, prefect for relaxing and unwinding.
Rear Unit: A stylish 1 bedroom apartment that has been recently renovated to bring a modern touch. Open plan living with modern laundry/bathroom. Shared driveway.
OUTDOOR AMENITIES:
A spacious rear yard shared by all units, beautifully landscaped for tenants' enjoyment. It's the perfect spot for gatherings, barbecues, or simply soaking up the sun. Two separate concrete driveways offer ample parking space, making it convenient for everyone. Carport and large shed at the rear of the property provides additional storage options, adding value to the property.
LOCATION:
Ideally located in a quiet sought-after area, located just 160 meters from the boat ramp and Lake King making it highly desirable for tenants.
Invest in your future today and secure this fantastic investment property with three units. Whether you're a seasoned investor or just starting, this opportunity is too good to miss. With multiple income streams and a prime location, this property offers a fantastic return on investment.
For inquiries or to book a viewing, please call Lucy Darby on 0422 914 067.
Property History for 24 Mcmillan Gr, Paynesville, VIC 3880
- 15 Mar 2024Sold for $500,000
- 15 Sep 2023Listed for Sale $560,000
- 15 Jul 2020Listed for Rent $180 / week
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0About 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.
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