16 Wisteria Place, Paynesville, VIC 3880 sold on 13 March 2025 | OnTheHouse
SOLD
Sold on 13 Mar 2025 for $301,000

16 Wisteria Place
Paynesville VIC 3880

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1622m2
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Property Details for 16 Wisteria Pl, Paynesville

Building Type
Land
Land Size
1622m2
Local Government
East Gippsland
Lot/Plan
7/PS514247

Last Listing description (February 2025)

In the ever-evolving real estate market, the availability of a large vacant block of land in a premium location is a rare and exciting opportunity. A plot of land over 1600 square metres, with all essential services readily available, offers immense potential for investors, developers, and homebuilders alike.

Located in a highly sought-after neighborhood, this substantial parcel of land presents endless possibilities. Whether you're looking to create your dream home with sprawling outdoor space, or you're a developer eager to take advantage of a prime location for subdivision (subject to council approval), this site is a canvas waiting to be transformed.

Why This Land is a Must-See

Size and Space: With over 1600sqm to work with, the land offers a rare combination of size and versatility. Whether you're envisioning a single luxurious residence or multiple smaller properties, the sheer expanse of the land provides the flexibility to cater to various development ideas.

Premium Location: Situated in one of the most coveted areas, this block is within proximity to local amenities such as schools, parks, shopping precincts, and public transport links. Its central location ensures that any development will attract strong demand from prospective buyers or tenants.

Subdivision Potential: (subject to council approval), the land has the potential to be subdivided into smaller lots. This is an excellent opportunity for developers looking to capitalize on the area's growth potential.

Ready to Build: The availability of all essential services-such as water, electricity, and sewerage-makes this site an attractive proposition for those ready to break ground. The groundwork is already laid for a smooth transition from purchase to development.

In the world of real estate, opportunities like this don't come often. Whether you're an investor looking to develop or someone seeking to craft a unique residential property, this large vacant block represents an exceptional opportunity that should not be overlooked.

Contact Bret Ward today to learn more about this exciting prospect and explore the possibilities that await on 0427562644 for further information.

Property History for 16 Wisteria Pl, Paynesville, VIC 3880

A timeline of how this property has performed in the market
Last Sold
$301,000
13 Mar 2025
  • 13 Mar 2025
    Sold for $301,000
  • 28 Nov 2024
    Listed for Sale $320,000
  • 08 Jul 2020
    Sold for $185,000
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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 3,337 properties. Over the last 5 years, Houses in Paynesville have seen a 35.81% increase in median value, while Units have seen a 47.32% increase. As at 31 October 2025:

  • The median value for Houses in Paynesville is $603,970 while the median value for Units is $374,388.
  • Houses have a median rent of $500 while Units have a median rent of $380.
There are currently 101 properties listed for sale, and 11 properties listed for rent in Paynesville on OnTheHouse. According to Cotality's data, 169 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.