690 Paynes Bridge Rd, Dereel is a 3 bedroom, 1 bathroom House with 3 parking spaces and was built in 2000. The property has a land size of 71010m2 and floor size of 88m2. While the property is not currently for sale or for rent, it was last sold in November 1981.
Situated within easy access of Geelong and Ballarat this very attractively maintained 20 acre property has excellent views. It contains a semi wooded area backing onto a creek running along the bottom of the property. Low maintenance 3 bedroom home with study (fourth bedroom), enclosed front verandah and butler s pantry. NBN installed and ready to go. The solid fuel heating keeps the house cosy and the solar HWS with woodfire backup keeps running costs low.
The enclosed back garden contains a secure area for raising chickens or a safe lockup area for pets. With vegetable beds and a sheltered outdoor deck area you have a private place to relax and soak up the sun.
The property also offers several storage sheds, a 3-car covered carport and caravan shelter.
The size of Dereel is approximately 59.9 square kilometres. It has 1 park covering nearly 2.3% of total area. The population of Dereel in 2016 was 533 people. By 2021 the population was 664 showing a population growth of 24.6% in the area during that time. The predominant age group in Dereel is 50-59 years. Households in Dereel are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Dereel work in a trades occupation.In 2021, 96.90% of the homes in Dereel were owner-occupied compared with 91.10% in 2016.
Dereel has 522 properties. Over the last 5 years, Houses in Dereel have seen a 65.27% increase in median value. As at 30 November 2025:
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