4 Government RoadPaynesville VIC 3880
Property Details for 4 Government Rd, Paynesville
4 Government Rd, Paynesville is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 543m2. While the property is not currently for sale or for rent, it was last sold in January 2026. There are other 4 bedroom House sold in Paynesville in the last 12 months.
Last Listing description (January 2026)
This four-bedroom home delivers a smart, flexible layout in a location that puts the waterfront, boat ramp and lakeside walking tracks, including the popular Fort King Island trail, all within easy reach. Whether you're chasing your first home, a reliable investment or a low-stress holiday base, this property ticks the right boxes.
The ground floor centres around a bright open plan kitchen, dining and living zone that works for everyday living and weekend downtime alike. It spills out to a full-length front deck the perfect spot for breakfast in the sun, afternoon reading or watching the street unwind in the evenings.
Upstairs is where the home really stands apart. The main bedroom retreat includes a walk-in robe and its own lounge space, giving you a private area to relax. There's also provision for a generous upper deck if you want to further elevate the outlook and add a standout entertaining space.
The backyard is designed for easy-care living, with drive-through access ideal for a boat or caravan, plus a good-sized shed with extended roof cover great for storage or an undercover BBQ setup.
Investors will appreciate the strong demand for rental homes in this area, with the layout lending itself to stable long-term tenants. Holiday-home buyers will value the proximity to the water, walking tracks and true lock-up-and-leave convenience. First-home buyers get the bonus of space, multiple living zones and room to grow.
With the Gippsland Lakes just around the corner, and the boat ramp offering effortless access to the entire lake system, this home delivers the lifestyle everyone comes here for boating, fishing, walking, exploring all from a comfortable, versatile base that suits a wide range of buyers.
Property History for 4 Government Rd, Paynesville, VIC 3880
- 08 Jan 2026Sold for $470,000
- 18 Jul 2025Listed for Sale $499,000
- 01 Jun 2022Listed for Sale $549,000
Recent sales nearby
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0About 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 3,320 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.
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