OFF MARKET

25/5 Canal Road
Paynesville VIC 3880

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 83m2
Land area: 197m2
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Property Details for 25/5 Canal Rd, Paynesville

25/5 Canal Rd, Paynesville is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2001. The property has a land size of 197m2 and floor size of 83m2. While the property is not currently for sale or for rent, it was last sold in July 2023.

Building Type
Unit
Year Built
2001
Floor Size
83m2
Land Size
197m2
Local Government
East Gippsland
Lot/Plan
25/PS337286

Last Listing description (September 2023)

New to the market this lovely retirement unit. Parkridge is a boutique Village with only 50 Units, its gardens and surrounds are delightful and beautifully maintained. As all units and the land, they sit on is owned by the resident there is no deferred management fees.
Unit 25 is a spacious and light unit with large bathroom and toilet, laundry and second toilet, two or three bedrooms and a spacious open plan kitchen, with new gas hot plates and dishwasher only 12months old and dining lounge room which looks out onto a north facing pretty garden shaded by a flowering frangipani and the relaxing sound from the water feature. Two of the bedrooms are extremely spacious with large built-in robes, the third is a new room which can easily be a bedroom, study or sunroom, the choice is yours. The garage has a roller door and also an entrance directly to unit, it comes with all the shelving that the current owner installed. Fully fenced with a side gate entry you have all the privacy you need.

Parkridge has lovely clubroom and spa pool, library and social club rooms, a vibrant social club ensures there is always something for everyone if they wish to participate.
Start your next adventure now.

Property History for 25/5 Canal Rd, Paynesville, VIC 3880

A timeline of how this property has performed in the market
Last Sold
$399,000
12 Jul 2023
  • 12 Jul 2023
    Sold for $399,000
  • 19 May 2023
    Listed for Sale $399,000 'NEW PRICE'
  • 27 Mar 2020
    Sold for $305,000
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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 3,107 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 90 properties listed for sale, and 9 properties listed for rent in Paynesville on OnTheHouse. According to CoreLogic's data, 129 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.