OFF MARKET

51 Slip Road
Paynesville VIC 3880

Bedrooms: 4
Bathrooms: -
Car spaces: -
Land area: 896m2
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Last updated 11 Nov 2024
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Property Details for 51 Slip Rd, Paynesville

51 Slip Rd, Paynesville is a 4 bedroom, 0 bathroom House. The property has a land size of 896m2. While the property is not currently for sale or for rent, it was last sold in February 2023.

Building Type
House
Land Size
896m2
Local Government
East Gippsland
Lot/Plan
14/LP17818

Last Listing description (March 2023)

This property is a rare gem located in Paynesville. With its proximity to the water and town, plus industrial and residential potential, this property is an opportunity for those savvy buyers seeking a great investment. Currently, there is a character home with two bedrooms and a third room that could be used for a third bedroom, one bathroom, a kitchen/dining room, and a separate lounge. The home is positioned on the block to give plenty of access to the backyard. Whether you're looking for a place to run a business or simply seeking a home with the added benefit of industrial development (STCA), this property is a perfect choice. Land size 896 sqm and zoned industrial 3. If you would like more information, please call the King & Heath team to discuss.

Terms: 10% deposit and settlement July 2023

Property History for 51 Slip Rd, Paynesville, VIC 3880

A timeline of how this property has performed in the market
Last Sold
$423,000
24 Feb 2023
  • 24 Feb 2023
    Sold for $423,000
  • 14 Feb 2023
    Listed for Sale $400,000

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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 9 properties listed for rent in Paynesville on OnTheHouse. According to CoreLogic's data, 129 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.