3/87 Main Road, Paynesville, VIC 3880 | Property Value & History | OnTheHouse
 
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3/87 Main Road
Paynesville VIC 3880

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 82m2
Land area: 260m2
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Last updated 2 Feb 2026
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Property Details for 3/87 Main Rd, Paynesville

3/87 Main Rd, Paynesville is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1986. The property has a land size of 260m2 and floor size of 82m2. While the property is not currently for sale or for rent, it was last sold in August 2017.

Building Type
Unit
Year Built
1986
Floor Size
82m2
Land Size
260m2
Local Government
East Gippsland
Lot/Plan
3/RP18048

Last Listing description (October 2017)

HOLIDAY? RETIREMENT? INVESTMENT? This unit fits the bill for all three scenarios. Recently renovated with a new kitchen, floor coverings, window furnishings and painted throughout, this comfortable brick veneer unit, one of three, is well worth an inspection. ACCOMMODATION includes 2 double bedrooms, open plan kitchen/dining/lounge, laundry, bathroom and separate toilet. Added to this the original garage has been converted into another living space which could also be a third bedroom. The sunny rear yard and under cover entertaining area is an added bonus and there is room down the side of the property for extra vehicles and parking at the front for one car.

Property History for 3/87 Main Rd, Paynesville, VIC 3880

A timeline of how this property has performed in the market
Last Sold
$245,000
29 Aug 2017
  • 29 Aug 2017
    Sold for $245,000
  • 24 May 2017
    Listed for Sale $245,000
  • 06 Feb 2013
    Sold for $89,000
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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 20.72% increase in median value, while Units have seen a 29.94% increase. As at 31 January 2026:

  • The median value for Houses in Paynesville is $555,621 while the median value for Units is $392,121.
  • Houses have a median rent of $500 while Units have a median rent of $395.
There are currently 97 properties listed for sale, and 11 properties listed for rent in Paynesville on OnTheHouse. According to Cotality's data, 177 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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