OFF MARKET

5/1 Main Road
Paynesville VIC 3880

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 196m2
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Last updated 11 Nov 2024
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Property Details for 5/1 Main Rd, Paynesville

5/1 Main Rd, Paynesville is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1980. The property has a land size of 196m2. While the property is not currently for sale or for rent, it was last sold in September 2019.

Building Type
Unit
Year Built
1980
Land Size
196m2
Local Government
East Gippsland
Lot/Plan
5/SP25933

Last Listing description (September 2019)

Where else in Paynesville can you purchase a property with views of the lake and a minute walk to the shops for $335,000. Consisting of two good sized bedrooms with semi ensuite, open plan living, east facing balcony and amazing views of Lake Victoria. The main bedroom has a walk through robe to semi ensuite. All bedrooms look out to the pleasant courtyard where you can enjoy the afternoon sun. Garaging is accessed from Main Road and second car parking at the rear is accessed via Toonalook Parade. A property like this is very unique, call our office to inspect.

Property History for 5/1 Main Rd, Paynesville, VIC 3880

A timeline of how this property has performed in the market
Last Sold
$330,000
21 Sep 2019
Listed for Rent
$260/w
25 Aug 2015
  • 21 Sep 2019
    Sold for $330,000
  • 08 May 2019
    Listed for Sale Not Disclosed
  • 23 Jul 2015
    Listed for Rent $260 / 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 3,107 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 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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