111 King Street, Paynesville, VIC 3880 sold on 04 February 2026 | OnTheHouse
SOLD
Sold on 04 Feb 2026 for $520,000

111 King Street
Paynesville VIC 3880

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
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Property Details for 111 King St, Paynesville

111 King St, Paynesville is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 2021. While the property is not currently for sale or for rent, it was last sold in February 2026. There are other 3 bedroom House sold in Paynesville in the last 12 months.

Building Type
House
Year Built
2021
Local Government
East Gippsland
Lot/Plan
1/PS840659

Last Listing description (March 2026)

Fresh, Bright & Ready to Impress

Step into modern coastal living at its finest. This beautifully presented 2021 EVCG build combines contemporary elegance with effortless comfort, offering a home that is both stylish and highly functional.The main suite is a true sanctuary, complete with an oversized walk-in robe and a luxurious ensuite. Two additional bedrooms with built-in robes provide ample accommodation for family or guests, serviced by a beautifully finished central bathroom. A versatile study nook adds valuable flexibility for work, study, or creative pursuits.The heart of the home is the light-filled open-plan living zone, flowing seamlessly to a sun-drenched alfresco area-perfect for entertaining or relaxing in the peaceful coastal surrounds. The sleek kitchen will delight home cooks with its premium appliances, walk-in pantry, and thoughtful design.Positioned to capture north-facing natural light, this home is enhanced by quality fixtures and fittings throughout, plus year-round comfort provided by two split-system units. Located opposite lush parklands and within an easy stroll to Freeman Recreation Reserve and Sunset Cove Beach, it offers the ideal blend of convenience and tranquillity.Currently leased at $530 per week until 2 April 2026, this property represents an excellent opportunity for investors seeking strong rental returns and long-term security.*Virtual furniture for illustrative purposes only.View the Due Diligence Checklist: consumer.vic.gov.au/duediligencechecklist

Property History for 111 King St, Paynesville, VIC 3880

A timeline of how this property has performed in the market
Last Sold
$520,000
04 Feb 2026
  • 03 Mar 2026
    Sold for $520,000
  • 21 Jan 2026
    Listed for Sale $525,000
  • 27 Jul 2024
    Listed for Sale $525,000
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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 3,326 properties. Over the last 5 years, Houses in Paynesville have seen a 25.25% increase in median value, while Units have seen a 32.58% increase. As at 31 May 2026:

  • The median value for Houses in Paynesville is $601,780 while the median value for Units is $412,682.
  • Houses have a median rent of $500 while Units have a median rent of $390.
There are currently 86 properties listed for sale, and 12 properties listed for rent in Paynesville on OnTheHouse. According to Cotality's data, 190 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.