20 Main Road, Paynesville, VIC 3880 | House for sale | OnTheHouse
 
FOR SALE
$385,000

20 Main Road
Paynesville VIC 3880

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 85m2
Land area: 768m2
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Development Potential 250 metres from Paynesville Waterfront

Number 20 Main Road Paynesville is superbly located just 250 metres from the Paynesville foreshore. The property is ready for the next chapter after being tightly held for many years by the same family. Ideally suitable for a builder or developer, the cottage is on concrete stumps and would suit either extensive renovation as not liveable or removal so you can design and build your dream home. The land is a roomy 768m2. The owners also own the property next door at number 22 which also can be purchased so that you can combine the land (768m2 + 869m2 = 1,637m2) for future development or live in one while renovating the other. See our website for separate listing of adjoining property. For further details or an inspection contact Dennis van Reyk on 0409 524 780.
Property Code: 108
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Property Details for 20 Main Rd, Paynesville

20 Main Rd, Paynesville is a 2 bedroom, 1 bathroom House. The property has a land size of 768m2 and floor size of 85m2. The place is currently for sale with VAN REYK REAL ESTATE BAIRNSDALE.

Building Type
House
Floor Size
85m2
Land Size
768m2
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About Paynesville 3880

The size of Paynesville is approximately 7.0 square kilometres. It has 8 parks covering nearly 3.7% of 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 3,337 properties. Over the last 5 years, Houses in Paynesville have seen a 35.81% increase in median value, while Units have seen a 47.32% increase. As at 31 October 2025:

  • The median value for Houses in Paynesville is $603,970 while the median value for Units is $374,388.
  • Houses have a median rent of $500 while Units have a median rent of $380.
There are currently 101 properties listed for sale, and 11 properties listed for rent in Paynesville on OnTheHouse. According to Cotality's data, 169 properties were sold in the past 12 months in Paynesville.

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Dennis Van Reyk
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VAN REYK REAL ESTATE BAIRNSDALE
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