OFF MARKET

27 Gilsenan Street
Paynesville VIC 3880

Bedrooms: 3
Bathrooms: 2
Car spaces: 3
Floor area: 164m2
Land area: 971m2
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Property Details for 27 Gilsenan St, Paynesville

27 Gilsenan St, Paynesville is a 3 bedroom, 2 bathroom House with 3 parking spaces and was built in 1980. The property has a land size of 971m2 and floor size of 164m2. While the property is not currently for sale or for rent, it was last sold in April 2022.

Building Type
House
Year Built
1980
Floor Size
164m2
Land Size
971m2
Local Government
East Gippsland
Lot/Plan
2/LP55657

Last Listing description (June 2022)

27 Gilsenan Street boasts limitless opportunities for investors, developers and owner occupiers alike. Positioned on a generous allotment of approximately 972 square meters with access down the side of the home, presents the potential to develop the site STCA. Currently rented to long term renters with a lease in place until August 2022, an easy set and forget investment opportunity. Whilst recent improvements have been made to the main bathroom, there are still endless possibilities for someone who is looking for a renovator's delight and turn this gem into their forever home.

Inside the house features a good sized lounge room with a gas heater and recently installed reverse cycle air-conditioner. The kitchen includes electric cooking, dishwasher, large bench space and adjoining meals area which opens up on to the undercover outdoor entertainment area. There are two bedrooms, both with built in robes, inside the main dwelling and a centrally located, recently updated bathroom and separate toilet. Outside there is a bungalow/third bedroom with its own ensuite which makes the perfect teenagers retreat or home office space. Additional outdoor features, garden shedding and carport parking for three vehicles.

Surrounded by quality residences and a short stroll from the shops and waterfront, this home is one to inspect. Please contact Corrin Stapleton from Bret Ward Real Estate on 0497 483 520 to arrange a viewing. Inspections are available from Wednesday the 9th of March.

Property History for 27 Gilsenan St, Paynesville, VIC 3880

A timeline of how this property has performed in the market
Last Sold
$450,000
17 Apr 2022
Listed for Rent
$310/w
21 Jul 2020
  • 17 Apr 2022
    Sold for $450,000
  • 04 Mar 2022
    Listed for Sale UNDER CONTRACT
  • 21 Jul 2020
    Listed for Rent $310 / week
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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 3,104 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, 131 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.