OFF MARKET

62A Newlands Drive
Paynesville VIC 3880

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Land area: 572m2
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Last updated 11 Nov 2024
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Property Details for 62a Newlands Dr, Paynesville

62a Newlands Dr, Paynesville is a 3 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 572m2. While the property is not currently for sale or for rent, it was last sold in March 2023.

Building Type
House
Land Size
572m2
Local Government
East Gippsland
Lot/Plan
2/PS738974

Last Listing description (June 2023)

Superb low maintenance lifestyle property with Sunset Cove beach just across the road, take the grandchildren for a swim or sit on the beach and watch the sunset. Offering spacious open plan living which opens onto the undercover entertaining area, three generous sized bedrooms, two bathrooms, internal access to the double garage and parking for extra vehicles. Walk to the shops on the track along the water's edge. No body corporate. Option to purchase jetty berth..

Property History for 62a Newlands Dr, Paynesville, VIC 3880

A timeline of how this property has performed in the market
Last Sold
$612,500
03 Mar 2023
Listed for Rent
$425/w
13 Jan 2023
  • 03 Mar 2023
    Sold for $612,500
  • 13 Jan 2023
    Listed for Rent $425 / week
  • 17 Oct 2019
    Listed for Sale $450,000
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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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