40 Wellington Street, Paynesville, VIC 3880 | Property Value & History | OnTheHouse
OFF MARKET

40 Wellington Street
Paynesville VIC 3880

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 177m2
Land area: 1014m2
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Last updated 31 Aug 2026
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Property Details for 40 Wellington St, Paynesville

40 Wellington St, Paynesville is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1960. The property has a land size of 1014m2 and floor size of 177m2. While the property is not currently for sale or for rent, it was last sold in November 2021.

Building Type
House
Year Built
1960
Floor Size
177m2
Land Size
1014m2
Local Government
East Gippsland
Lot/Plan
3/LP1572

Last Listing description (January 2025)

Nestled in a prime location within walking distance to both the vibrant town centre and the tranquil waterside, this expansive family home offers the perfect blend of convenience, comfort, and potential. Boasting a fully renovated interior, this residence is ready to welcome its new owners into a world of modern living and endless possibilities. Upon entering, you're greeted by a spacious family room that seamlessly flows into an exceptional kitchen, the heart of the home where culinary delights come to life. Equipped with top-of-the-line appliances and ample counter space, this kitchen is sure to inspire the inner chef in you. Whether it's hosting family gatherings or casual meals, this inviting space caters to every occasion with style and functionality. Adjacent to the kitchen, a formal lounge awaits, complete with a reverse cycle air conditioner and a cozy solid fuel heater, offering warmth and comfort during cooler evenings. The accommodation comprises 3 generously sized bedrooms, each featuring built-in robes, 4th bed or study. Main bathroom plus combined second bathroom and laundry add to the home's practicality and convenience. While the interior of this home exudes charm and sophistication, the exterior presents an exciting opportunity for the new owners to leave their mark. Situated on a substantial 1018sqm parcel of land, the property offers great potential for further enhancements, such as new garaging or shedding, to cater to your specific needs and preferences. Adding to the appeal is the bonus of rear lane access, providing additional convenience and flexibility to add extra storage for your recreational gear, the options are endless with this expansive land.

Property History for 40 Wellington St, Paynesville, VIC 3880

A timeline of how this property has performed in the market
Last Sold
$469,000
11 Nov 2021
Listed for Rent
$390/w
12 Oct 2021
  • 18 Dec 2024
    Listed for Sale $595,000
  • 29 Apr 2024
    Listed for Sale $595,000
  • 01 Sep 2023
    Listed for Sale $619,000
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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 3,384 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 79 properties listed for sale, and 16 properties listed for rent in Paynesville on OnTheHouse. According to Cotality's data, 184 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.