28 Gilsenan StreetPaynesville VIC 3880
Property Details for 28 Gilsenan St, Paynesville
28 Gilsenan St, Paynesville is a 3 bedroom, 2 bathroom House with 4 parking spaces. The property has a land size of 1222m2 and floor size of 119m2. While the property is not currently for sale or for rent, it was last sold in August 2021.
Last Listing description (August 2021)
This rare opportunity is positioned in Gilsenan Street, a much sought-after area of Paynesville. Being only a short walk to the foreshore, shops and restaurants, it's the ideal position for a holiday home or permanent residence. It consists of three bedrooms with one bathroom in the primary residence and a portable, one-bedroom, fully self-contained cabin in the backyard. The current owner has used the property for rental purposes, and the rear cabin is currently tenanted. The rental potential having both dwellings occupied could gross a 6% return with the current rental market. The house has a new modern kitchen and spacious bedrooms. There is also an entertaining area and brick garage for plenty of storage. Contact our office today for more information or to book an inspection.
Property History for 28 Gilsenan St, Paynesville, VIC 3880
- 08 Aug 2021Sold for $495,000
- 01 Jun 2021Listed for Sale $529,000
- 31 Mar 2020Listed for Rent $350 / 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 3,104 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.
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