21/5 Canal Road, Paynesville, VIC 3880 | Property Value & History | OnTheHouse
FOR SALE

21/5 Canal Road
Paynesville VIC 3880

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 162m2
Land area: 248m2
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Property Details for 21/5 Canal Rd, Paynesville

21/5 Canal Rd, Paynesville is a 3 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2001. The property has a land size of 248m2 and floor size of 162m2.This Property is currently listed for sale with LJ Hooker Paynesville

Building Type
Unit
Year Built
2001
Floor Size
162m2
Land Size
248m2
Local Government
East Gippsland
Lot/Plan
21/PS337286

Last Listing description (August 2026)

MOTIVATED VENDORS SAY SELL!
Situated in the ever popular Parkridge Village for over 55's, this well presented brick veneer villa delivers a relaxed, low maintenance lifestyle with all the comforts in place.

At the heart of the home, the well appointed kitchen features a wall oven, electric cooktop and Miele dishwasher and is perfectly positioned between the lounge and dining areas, creating a functional and inviting hub for everyday living. The dining space flows seamlessly out to a sunny north facing courtyard, ideal for enjoying your morning coffee or entertaining in the fresh air.
Accommodation includes two generous bedrooms plus a study or optional third bedroom, all complete with built-in robes. The central bathroom is fitted with a large shower and toilet, complemented by a second separate toilet for added convenience. A single garage with auto door provides secure vehicle storage.
Outside, the property offers handy foot traffic access to the rear yard, while additional features such as split system heating and cooling and a power grid system with batteries help keep energy costs down.
Residents of Parkridge Village also enjoy access to excellent communal facilities including a clubhouse, workshop, vegetable garden and secure parking for a boat, caravan or second vehicle, enhancing the lifestyle appeal of this welcoming community.

Property History for 21/5 Canal Rd, Paynesville, VIC 3880

A timeline of how this property has performed in the market
Last Sold
$375,000
17 Dec 2022
  • 19 Mar 2026
    Listed for Sale $440,000
  • 17 Dec 2022
    Sold for $375,000
  • 04 Nov 2022
    Listed for Sale $375,000
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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 3,322 properties. Over the last 5 years, Houses in Paynesville have seen a 18.61% increase in median value, while Units have seen a 23.12% increase. As at 31 July 2026:

  • The median value for Houses in Paynesville is $600,614 while the median value for Units is $391,369.
  • Houses have a median rent of $500 while Units have a median rent of $390.
There are currently 73 properties listed for sale, and 14 properties listed for rent in Paynesville on OnTheHouse. According to Cotality's data, 181 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.