2/54 Main Road, Paynesville, VIC 3880 | Property Value & History | OnTheHouse
 
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2/54 Main Road
Paynesville VIC 3880

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 105m2
Land area: 307m2
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Last updated 2 Feb 2026
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Property Details for 2/54 Main Rd, Paynesville

2/54 Main Rd, Paynesville is a 2 bedroom, 1 bathroom House with 2 parking spaces and was built in 1970. The property has a land size of 307m2 and floor size of 105m2. While the property is not currently for sale or for rent, it was last sold in January 2024.

Building Type
House
Year Built
1970
Floor Size
105m2
Land Size
307m2
Local Government
East Gippsland
Lot/Plan
2/PS327522

Last Listing description (July 2024)

Nestled in the heart of Paynesville, this three bedroom, one bathroom unit situated in a 4 unit complex presents an exciting investment opportunity for both seasoned investors and first time buyers. The unit comprises of an open plan kitchen/living area, three good size bedrooms and a centrally located bathroom. Outside you will find a private backyard, single carport and additional carpark space. Situated just a stone's throw away from the shops and lake, this property offers the perfect blend of convenience, comfort, and potential for strong rental income.
Currently rented at $295 per week.

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Property History for 2/54 Main Rd, Paynesville, VIC 3880

A timeline of how this property has performed in the market
Last Sold
$270,000
20 Jan 2024
Listed for Rent
$240/w
07 Jul 2019
  • 20 Jan 2024
    Sold for $270,000
  • 31 Jul 2023
    Listed for Sale $329,000
  • 28 Jun 2019
    Listed for Rent - Price not available
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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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