OFF MARKET

4 Devon Road
Paynesville VIC 3880

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 105m2
Land area: 2395m2
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Last updated 18 Nov 2024
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Property Details for 4 Devon Rd, Paynesville

4 Devon Rd, Paynesville is a 0 bedroom, 0 bathroom House and was built in 1970. The property has a land size of 2395m2 and floor size of 105m2. While the property is not currently for sale or for rent, it was last sold in May 2021.

Building Type
House
Year Built
1970
Floor Size
105m2
Land Size
2395m2
Local Government
East Gippsland
Lot/Plan
4/LP43432

Last Listing description (November 2024)

Discover an unparalleled development opportunity with this magnificent site, ideally located just metres from the renowned Gippsland Lakes. This prime piece of real estate boasts an approved planning permit for the construction of 30 luxury apartments and two retail spaces, making it an investor's dream.

The site spans approximately 2,395 square metres and is zoned Commercial 1, offering a range of potential uses (Subject to Council Approval - S.T.C.A.). Whether you envision a low-rise residential development, a boutique subdivision, or a versatile commercial project, the possibilities are vast and exciting.

Situated in a highly sought-after central location, this site provides the perfect blend of convenience and natural beauty. It's rare to find such a prime plot of land so close to the water, local amenities, and facilities. Don't miss the chance to be part of this region's defining development project.

This is a rare opportunity to secure a premier development site in a truly exceptional location.

For more information or to arrange a site inspection, please contact us today.

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Property History for 4 Devon Rd, Paynesville, VIC 3880

A timeline of how this property has performed in the market
Last Sold
$520,000
17 May 2021
  • 01 Nov 2024
    Listed for Sale $1,500,000 + GST
  • 24 Jul 2024
    Listed for Sale EXPRESSIONS OF INTEREST
  • 26 May 2021
    Listed for Sale $520,000
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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 3,105 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 8 properties listed for rent in Paynesville on OnTheHouse. According to CoreLogic's data, 129 properties were sold in the past 12 months in Paynesville.

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