113 Main Road, Paynesville, VIC 3880 sold on 30 September 2025 | OnTheHouse
 
SOLD
Sold on 30 Sep 2025 for $485,000

113 Main Road
Paynesville VIC 3880

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Property Details for 113 Main Rd, Paynesville

113 Main Rd, Paynesville is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 1960. While the property is not currently for sale or for rent, it was last sold in September 2025. There are other 2 bedroom House sold in Paynesville in the last 12 months.

Building Type
House
Year Built
1960
Local Government
East Gippsland
Lot/Plan
20/LP25176

Last Listing description (November 2025)

INVESTMENT OPPORTUNITY WITH LEASES IN PLACE!

Located on Paynesville's main road, this large property offers immense investment potential. The property consists of a 2-bedroom house at the front and a 1-bedroom unit at the back, providing an excellent opportunity for short-term stays or rentals in the desirable coastal town of Paynesville.

The 2-bedroom house features well-lit living spaces with corner bedrooms that maximize natural light. The house has floorboards throughout and a recently updated bathroom, while also including a separate laundry, a small fenced yard, garden shed, and a spacious carport.

The furnished unit at the back comes decorated and fully equipped for comfortable living or renting. Its carpeted living room seamlessly connects to the dining and kitchen area, complete with a breakfast bar for additional seating. The unit offers independent living with a washing machine in the bathroom. It also features a front deck, garden shed, a washing line, and a backyard space.

In addition to the two dwellings, the property boasts a large 10x10 metre shed, providing extra storage or investment opportunities.

The house is currently leased until late May 2025, at $350 per week. The unit is currently leased until February 2026, at $260 per week.

Don't miss out on this great value opportunity at 113 Main Road, Paynesville. It's a unique property that's worth coming to see!

View the Due Diligence Checklist: consumer.vic.gov.au/duediligencechecklist

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Property History for 113 Main Rd, Paynesville, VIC 3880

A timeline of how this property has performed in the market
Last Sold
$485,000
30 Sep 2025
  • 29 Oct 2025
    Sold for $485,000
  • 02 Mar 2025
    Listed for Sale $485,000
  • 25 Jun 2024
    Listed for Sale $525,000
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About Paynesville 3880

The size of Paynesville is approximately 7.0 square kilometres. It has 8 parks covering nearly 3.7% of 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 3,334 properties. Over the last 5 years, Houses in Paynesville have seen a 27.82% increase in median value, while Units have seen a 35.58% increase. As at 31 December 2025:

  • The median value for Houses in Paynesville is $582,002 while the median value for Units is $389,152.
  • Houses have a median rent of $500 while Units have a median rent of $388.
There are currently 97 properties listed for sale, and 9 properties listed for rent in Paynesville on OnTheHouse. According to Cotality's data, 176 properties were sold in the past 12 months in Paynesville.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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