2/28 Main Road, Paynesville, VIC 3880 | Property Value & History | OnTheHouse
FOR SALE

2/28 Main Road
Paynesville VIC 3880

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 874m2
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Property Details for 2/28 Main Rd, Paynesville

2/28 Main Rd, Paynesville is a 4 bedroom, 2 bathroom Unit with 2 parking spaces. The property has a land size of 874m2.This Property is currently listed for sale with LJ Hooker Paynesville

Building Type
Unit
Land Size
874m2
Local Government
East Gippsland
Lot/Plan
14/RP15988

Last Listing description (May 2026)

Freshly updated and perfectly positioned, this modern unit presents an outstanding opportunity for investors or owner occupiers seeking a low maintenance lifestyle just moments from shops, restaurants and the waterfront.
Recently painted internally and featuring a recently replaced roof, the home is move in or rent ready, offering immediate appeal and minimal upkeep. Designed across two levels, the versatile floorplan provides space and flexibility for a range of living arrangements.

Downstairs comprises two bedrooms, a central bathroom and a practical laundry/storage room that opens onto a deck overlooking the grassy rear yard complete with a garden shed, ideal for tenants or families seeking extra outdoor space.
Upstairs is the heart of the home, showcasing a light filled open plan living area enhanced by timber floors and a stylish white cabinetry kitchen. This inviting space flows seamlessly onto an entertaining deck, perfect for relaxed indoor outdoor living. The upper level also features the master bedroom with built-in mirrored robes and direct access to the bathroom, along with a second bedroom.
Additional features include a double carport and an easy care allotment, further enhancing the property's appeal as a smart investment or comfortable residence.
With its central location and modern updates, this is a fantastic opportunity to secure a ready-to-go property offering strong rental potential and an enviable lifestyle.

Property History for 2/28 Main Rd, Paynesville, VIC 3880

A timeline of how this property has performed in the market
  • 25 Mar 2026
    Listed for Sale $445,000
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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 3,328 properties. Over the last 5 years, Houses in Paynesville have seen a 24.80% increase in median value, while Units have seen a 28.37% increase. As at 30 April 2026:

  • The median value for Houses in Paynesville is $589,506 while the median value for Units is $396,453.
  • Houses have a median rent of $500 while Units have a median rent of $390.
There are currently 86 properties listed for sale, and 9 properties listed for rent in Paynesville on OnTheHouse. According to Cotality's data, 179 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.