4/240 Payneham Rd, Payneham is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 84m2 and floor size of 60m2. While the property is not currently for sale or for rent, it was last sold in March 2019.
'The Block' Apartments
Located on the ground floor in a quiet group of 10 units, this solid brick unit has been upgraded to offer the latest fixtures and fittings throughout, providing a welcoming contemporary living space in a desirable location. Security and peace of mind are provided by a remote vehicle access entrance gate, ensuring only approved vehicles can access the grounds. An Airphone remote pedestrian access gate has a direct 'call to the unit' system providing remote access to the front gate direct from the unit.
The unit comprises 2 bedrooms, both with crisp fresh carpet and timber venetian blinds. Bedroom 1 is of double proportion and offers a built-in robe. A generous lounge and dining flow through to a corner kitchen with quality floating floors providing a stylish contemporary appeal to a bright living space. A clever study nook provides a place for the computer. Modern cabinetry, stainless steel oven, glass cook top and range-hood provide a functional cooking space overlooking the living area.
The size of Payneham is approximately 0.8 square kilometres. It has 3 parks covering nearly 6.3% of total area. The population of Payneham in 2016 was 2293 people. By 2021 the population was 2438 showing a population growth of 6.3% in the area during that time. The predominant age group in Payneham is 30-39 years. Households in Payneham are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Payneham work in a professional occupation.In 2021, 53.60% of the homes in Payneham were owner-occupied compared with 53.30% in 2016.
Payneham has 1,306 properties. Over the last 5 years, Houses in Payneham have seen a 89.34% increase in median value, while Units have seen a 96.93% increase. As at 30 November 2025:
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