2/7 King Street, Paynesville, VIC 3880 | Property Value & History | OnTheHouse
OFF MARKET

2/7 King Street
Paynesville VIC 3880

Bedrooms: 3
Bathrooms: 3
Car spaces: 2
Floor area: 182m2
Land area: 179m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 1 Jun 2026
Low

High
Save

Property Details for 2/7 King St, Paynesville

2/7 King St, Paynesville is a 3 bedroom, 3 bathroom Townhouse with 2 parking spaces and was built in 1991. The property has a land size of 179m2 and floor size of 182m2. While the property is not currently for sale or for rent, it was last sold in March 2019.

Building Type
Townhouse
Year Built
1991
Floor Size
182m2
Land Size
179m2
Local Government
East Gippsland
Lot/Plan
2/PS515228

Last Listing description (April 2026)

Immerse yourself in the elegance of waterfront living with this exceptional townhouse, perfectly positioned along Paynesville's prized canal precinct. A rare blend of sophistication and coastal charm, this residence offers a refined lifestyle just moments from the township's cafs, shops, and foreshore and with your own private jetty berth, the shimmering waters of the Gippsland Lakes are always within reach.Set in the heart of the boating capital of the Gippsland Lakes, this address delivers more than just convenience, it offers connection. Meander along scenic walking trails, indulge in waterfront dining, or ferry across to Raymond Island, where native koalas greet you among the gums, a natural sanctuary just minutes from your door.Every inch of the home has been thoughtfully curated for modern comfort and timeless style. The ground floor reveals a sunlit open-plan living and dining zone, framed by full-height glass capturing ever-changing canal views. At its heart, a gourmet kitchen with sleek stone benchtops, premium appliances, and contemporary cabinetry awaits culinary adventures or effortless entertaining.Upstairs, the master suite is your personal sanctuary, a space of calm and comfort with a generous robe, a luxuriously appointed ensuite, and a private undercover balcony perfect for morning stillness or evening repose. Two further bedrooms share in the home's generous proportions, while a versatile top-floor living area flows seamlessly onto a rooftop terrace, offering panoramic outlooks across the canals and township beyond.Completing the picture of thoughtful design, two additional bathrooms cater to family and guests alike. The double garage features internal access and a versatile loft space, perfect for creative pursuits, or simply keeping life beautifully organised. A separate single garage or workshop enhances practicality with style.Whether you're seeking a tranquil retreat, a permanent base, or an exclusive holiday escape, this residence is an invitation to embrace the very best of Paynesville's waterfront lifestyle, where luxury, location, and liveability meet.View the Due Diligence Checklist: consumer.vic.gov.au/duediligencechecklist

Property History for 2/7 King St, Paynesville, VIC 3880

A timeline of how this property has performed in the market
Last Sold
$700,000
03 Mar 2019
  • 30 Mar 2026
    Listed for Sale $985,000
  • 23 Feb 2024
    Listed for Sale Not Disclosed
  • 03 Mar 2019
    Sold for $700,000
Sign in to see more transactions
Commute Calculator

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

Market Insights
Paynesville Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Paynesville Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.