SOLD
Sold on 29 Jul 2024 for $970,000

7 Driftwood Close
Paynesville VIC 3880

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 800m2
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Property Details for 7 Driftwood Cl, Paynesville

Building Type
Land
Land Size
800m2
Local Government
East Gippsland
Lot/Plan
10/PS524602

Last Listing description (October 2024)

Embrace the epitome of waterfront living with this stunning 780m2 allotment on Riviera Harbours. Perfectly positioned to capture the serene vistas of the canal and the quality homes that grace the southern side, this parcel also boasts expansive lake views to the north, complemented by a desirable northern aspect.
All essential services are readily available, ensuring a seamless transition to building your dream home. The generous size of this allotment offers ample space for creating a haven that suits your lifestyle and desires. Additionally, a jetty berth at the foot of the property provides convenient mooring for your boat, enhancing the allure of this waterfront haven.

With quick and easy access to the lake, you can indulge in an enviable lifestyle of boating, paddle boarding, or canoeing every day of the week. Don’t miss this opportunity to secure your piece of paradise in a location where tranquility meets convenience.

Property History for 7 Driftwood Cl, Paynesville, VIC 3880

A timeline of how this property has performed in the market
Last Sold
$970,000
29 Jul 2024
  • 29 Jul 2024
    Sold for $970,000
  • 31 Jan 2024
    Sold for $880,000
  • 22 Dec 2023
    Listed for Sale $890,000
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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 3,089 properties. Over the last 5 years, Houses in Paynesville have seen a 52.83% increase in median value, while Units have seen a 55.29% increase. As at 30 September 2024:

  • The median value for Houses in Paynesville is $564,425 while the median value for Units is $369,670.
  • Houses have a median rent of $468 while Units have a median rent of $380.
There are currently 86 properties listed for sale, and 2 properties listed for rent in Paynesville on OnTheHouse. According to CoreLogic's data, 123 properties were sold in the past 12 months in Paynesville.

Suburb Insights for Paynesville 3880

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LJ Hooker Paynesville
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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.