1/55 Wellington Street, Paynesville, VIC 3880 | Property Value & History | OnTheHouse
OFF MARKET

1/55 Wellington Street
Paynesville VIC 3880

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Land area: 550m2
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Property Details for 1/55 Wellington St, Paynesville

1/55 Wellington St, Paynesville is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2005. The property has a land size of 550m2. While the property is not currently for sale or for rent, it was last sold in December 2024.

Building Type
Unit
Year Built
2005
Land Size
550m2
Local Government
East Gippsland
Lot/Plan
1/PS748380

Last Listing description (February 2025)

This stunning 3-bedroom, 2-bathroom brick waterfront unit in Paynesville is a dream come true for anyone looking for a low-maintenance property on the canals in a serene location. Perfectly situated close to town and shops, this town house is the ideal choice for those who love to be close to the action, yet still desire a peaceful and quiet retreat. As you step inside, you'll be greeted by a spacious living area with a brand-new kitchen and all new appliances. Large windows provide plenty of natural light and views of the water. The three well-appointed bedrooms offer ample storage and plenty of space. The main bedroom has its own private ensuite and the main bathroom is located central to the house with easy access from both the living area and the two separate bedrooms. One of the most remarkable features of this property is its own private half-share jetty with wide access and deep water. Imagine waking up each morning to the sound of the water and being able to step outside to your very own private space for boating, fishing, or simply enjoying the views. This is waterfront living at its finest. With its own private jetty and proximity to town and shops, this is a truly unique opportunity to own a piece of paradise. Don't miss out on the chance to make this incredible property your own.

Property History for 1/55 Wellington St, Paynesville, VIC 3880

A timeline of how this property has performed in the market
Last Sold
$730,000
06 Dec 2024
  • 06 Dec 2024
    Sold for $730,000
  • 20 May 2024
    Listed for Sale $799,000
  • 01 May 2023
    Listed for Sale $850,000
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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 3,384 properties. Over the last 5 years, Houses in Paynesville have seen a 15.22% increase in median value, while Units have seen a 17.36% increase. As at 31 August 2026:

  • The median value for Houses in Paynesville is $595,888 while the median value for Units is $387,576.
  • Houses have a median rent of $500 while Units have a median rent of $390.
There are currently 84 properties listed for sale, and 13 properties listed for rent in Paynesville on OnTheHouse. According to Cotality's data, 192 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.