14 Mitchell Street, Paynesville, VIC 3880 | House for sale | OnTheHouse
 
FOR SALE
$515,000

14 Mitchell Street
Paynesville VIC 3880

Bedrooms: 2
Bathrooms: 1
Car spaces: 6
Land area: 1012m2
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Position, Potential & Plenty of Space

Properties with this much space, access and future potential this close to the water are becoming harder and harder to find, and this 1,012m² (approx) Paynesville property is no exception.
Just 700m from the Paynesville foreshore and only 200m from the Slip Road boat ramp, the location alone makes this an exciting opportunity for boat owners, investors, tradies or buyers searching for room to move.
With rear lane access and extensive infrastructure already in place, the possibilities here are easy to see. Whether you need space for boats, caravans, trailers and extra vehicles, or you're looking for a sizeable block with future subdivision potential (STCA), this is the kind of property that offers flexibility now and upside for the future. A 6.8m x 7.4m shed with adjoining double carport, additional tandem double carport and garden shed provide exceptional storage and vehicle accommodation with excellent access throughout the property.
The existing two-bedroom home provides comfortable accommodation with built-in robes to both bedrooms, a central bathroom, separate toilet, separate lounge with split system heating and cooling, plus an open plan kitchen and dining area with electric cooking. Sliding doors open to a covered rear verandah running the full length of the home, complete with ramp access, while the front verandah also spans the length of the house.
Whether you're looking to invest, landbank, develop (STCA) or simply secure a large block in a tightly held waterside location, this is an opportunity packed with potential.
* All boundaries on photographs are approximate only.
* Virtual furniture used for visual purposes only.
View the Due Diligence Checklist: consumer.vic.gov.au/duediligencechecklist
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Property Details for 14 Mitchell St, Paynesville

14 Mitchell St, Paynesville is a 2 bedroom, 1 bathroom House with 6 parking spaces. The property has a land size of 1012m2. The place is currently for sale with OBRIEN REAL ESTATE BAIRNSDALE.

Building Type
House
Land Size
1012m2
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About Paynesville 3880

The size of Paynesville is approximately 7.0 square kilometres. There are 8 parks, covering nearly 3.7% of the total area. The population of Paynesville in 2016 was 3480 people. By 2021 the population was 3636 showing a population growth of 4.5% in the area during that time. The predominant age group in Paynesville is 70-79 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 2021, 76.30% of the homes in Paynesville were owner-occupied compared with 71.50% in 2016.

Paynesville has 3,322 properties. Over the last 5 years, Houses in Paynesville have seen a 18.61% increase in median value, while Units have seen a 23.12% increase. As at 31 July 2026:

  • The median value for Houses in Paynesville is $600,614 while the median value for Units is $391,369.
  • Houses have a median rent of $500 while Units have a median rent of $390.
There are currently 73 properties listed for sale, and 14 properties listed for rent in Paynesville on OnTheHouse. According to Cotality's data, 183 properties were sold in the past 12 months in Paynesville.

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Shaun Carr
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OBRIEN REAL ESTATE BAIRNSDALE
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