20/5 Canal Road, Paynesville, VIC 3880 | Property Value & History | OnTheHouse
OFF MARKET

20/5 Canal Road
Paynesville VIC 3880

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 239m2
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Last updated 20 Jul 2026
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Property Details for 20/5 Canal Rd, Paynesville

20/5 Canal Rd, Paynesville is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2001. The property has a land size of 239m2. While the property is not currently for sale or for rent, it was last sold in May 2024.

Building Type
Unit
Year Built
2001
Land Size
239m2
Local Government
East Gippsland
Lot/Plan
20/PS337286

Last Listing description (November 2024)

Welcome to your new home in Parkridge Village, designed for comfortable and stylish over 55's living. This well appointed unit boasts a spacious open plan living area that seamlessly connects to a paved sunny outdoor space, perfect for relaxing or entertaining. The kitchen is equipped with a wall oven, cooktop and dishwasher. Three bedrooms feature built-in robes, while the generous bathroom offers an oversized shower, bath, toilet and vanity. Additional features include a second toilet, laundry with ample storage and internal access to the garage with auto door. Enjoy the convenience of a solar panel system, gas heater and split system for heating and cooling. Parkridge Village offers fantastic communal facilities, including club rooms with a library, billiard room, and pool, as well as extra parking for vans or boats. This strata titled property has no deferred fees, offering you peace of mind and a vibrant community to call home.

Property History for 20/5 Canal Rd, Paynesville, VIC 3880

A timeline of how this property has performed in the market
Last Sold
$399,000
04 May 2024
  • 08 Nov 2024
    Listed for Sale $399,000
  • 04 May 2024
    Sold for $399,000
  • 26 Mar 2024
    Listed for Sale Sold
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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 3,324 properties. Over the last 5 years, Houses in Paynesville have seen a 23.00% increase in median value, while Units have seen a 29.09% increase. As at 30 June 2026:

  • The median value for Houses in Paynesville is $606,878 while the median value for Units is $416,168.
  • Houses have a median rent of $500 while Units have a median rent of $400.
There are currently 78 properties listed for sale, and 13 properties listed for rent in Paynesville on OnTheHouse. According to Cotality's data, 187 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.