OFF MARKET

5 Tambo Avenue
Paynesville VIC 3880

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 119m2
Land area: 682m2
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Last updated 11 Nov 2024
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Property Details for 5 Tambo Ave, Paynesville

5 Tambo Ave, Paynesville is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 682m2 and floor size of 119m2. While the property is not currently for sale or for rent, it was last sold in March 2023.

Building Type
House
Floor Size
119m2
Land Size
682m2
Local Government
East Gippsland
Lot/Plan
115/LP55819

Last Listing description (May 2023)

Don't miss your chance to own this solid three bedroom home in a great location close to the Lake. The home is neatly presented and ready for you to move straight in and add your own touches. It also offers a great opportunity to modernise and add value at any time. Featuring lounge, spacious kitchen and meals area flowing to outdoor living area. The carport offers drive through access to rear yard, perfect for storing the boat or caravan and three garden sheds.

Property Code: 243

Property History for 5 Tambo Ave, Paynesville, VIC 3880

A timeline of how this property has performed in the market
Last Sold
$475,000
15 Mar 2023
  • 15 Mar 2023
    Sold for $475,000
  • 20 Jan 2023
    Listed for Sale $499,000
  • 13 Oct 2015
    Sold for $215,000
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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 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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