1/116 Main Road, Paynesville, VIC 3880 | Property Value & History | OnTheHouse
FOR SALE

1/116 Main Road
Paynesville VIC 3880

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 83m2
Land area: 115m2
This property is currently on the market
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Property Details for 1/116 Main Rd, Paynesville

1/116 Main Rd, Paynesville is a 2 bedroom, 1 bathroom Unit and was built in 1983. The property has a land size of 115m2 and floor size of 83m2.This Property is currently listed for sale with OBRIEN REAL ESTATE BAIRNSDALE

Building Type
Unit
Year Built
1983
Floor Size
83m2
Land Size
115m2
Local Government
East Gippsland
Lot/Plan
4/SP22608

Last Listing description (July 2026)

Set right along the main stretch of Paynesville, this neatly presented two-bedroom unit offers an easy, low-maintenance lifestyle in a location that keeps everything within arm's reach. Whether you're looking to invest, downsize or secure a coastal base, the convenience here is hard to overlook.Fresh updates are underway, with brand new carpets to be installed throughout and updated blinds in both bedrooms, giving the home a clean, refreshed feel from the moment you step inside. The layout is practical and comfortable, with two well-proportioned bedrooms, a central living area, and a functional kitchen, complemented by an internal laundry positioned conveniently alongside.At the rear, an outdoor alfresco space provides a private spot to relax or entertain, while the inclusion of a single car garage adds valuable off-street parking and storage. A garden shed and water tank further enhance the practicality of the home, offering additional storage and sustainable living benefits. Set within a block of units and occupying approximately 115sqm, the property offers a manageable footprint without compromising on liveability.Positioned right on Main Road, you're just moments from local shops, cafes, the waterfront and all the lifestyle appeal that makes Paynesville such a sought-after destination.View the Due Diligence Checklist: consumer.vic.gov.au/duediligencechecklist

Property History for 1/116 Main Rd, Paynesville, VIC 3880

A timeline of how this property has performed in the market
Last Sold
$165,000
21 Jul 2011
  • 22 Jun 2026
    Listed for Sale $309,000
  • 21 Jul 2011
    Sold for $165,000
  • 16 Nov 2002
    Sold for $340,000
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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 3,325 properties. Over the last 5 years, Houses in Paynesville have seen a 23.00% increase in median value, while Units have seen a 29.09% increase. As at 30 June 2026:

  • The median value for Houses in Paynesville is $606,878 while the median value for Units is $416,168.
  • Houses have a median rent of $500 while Units have a median rent of $400.
There are currently 81 properties listed for sale, and 10 properties listed for rent in Paynesville on OnTheHouse. According to Cotality's data, 191 properties were sold in the past 12 months in Paynesville.

Suburb Insights for Paynesville 3880

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.