122 Newlands Drive

Paynesville VIC 3880

A rare opportunity awaits on the sought-after Newlands Drive, where lifestyle, flexibility, and income potential converge on a generous allotment.The main residence is full of comfort and character, featuring three well-proportioned bedrooms, a freshly renovated kitchen with sleek cabinetry and quality appliances, and a relaxed family room filled with natural light. The stylish bathroom has been tastefully updated, complemented by a second separate toilet for added practicality. Downstairs, a large rumpus area provides flexibility as a teenage retreat, games room or home office.Set apart from the main house is a fully self-contained unit, complete with its own kitchen, living space, and a renovated bathroom, and the bonus of a second toilet, making it ideal for guests or renters.Currently returning $800 per week in rent, the house is leased at $480 per week, and the unit separately rented for a return of $320 per week, this is an ideal dual-income investment with future lifestyle appeal.The expansive block offers room to move and scope to grow, whether you're looking to landscape, add further improvements, or explore subdivision potential (STCA). Practical features include a double lock-up garage, double carport, garden shed, and double gate access, ideal for storing boats, trailers or additional vehicles with ease.Positioned in the thriving coastal town of Paynesville, famed for its boating lifestyle, picturesque waterways and relaxed village atmosphere, you're a short walk from the waterfront and just minutes from the ferry to Raymond Island, schools, shops and cafes. This is a town where weekends are spent on the water, and community is at the heart of it all, don't miss your chance to secure this unique property package.*All boundaries on photographs are approximate only.View the Due Diligence Checklist: consumer.vic.gov.au/duediligencechecklist