48 Cumming Street, Paynesville, VIC 3880 | Property Value & History | OnTheHouse
FOR SALE

48 Cumming Street
Paynesville VIC 3880

Bedrooms: 4
Bathrooms: 2
Car spaces: 4
Floor area: 164m2
Land area: 731m2
This property is currently on the market
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Property Details for 48 Cumming St, Paynesville

48 Cumming St, Paynesville is a 4 bedroom, 2 bathroom House with 4 parking spaces. The property has a land size of 731m2 and floor size of 164m2.This Property is currently listed for sale with King & Heath First National - PAYNESVILLE

Building Type
House
Floor Size
164m2
Land Size
731m2
Local Government
East Gippsland

Last Listing description (September 2026)

Conveniently positioned in a friendly, sought-after town, this well-kept solid brick home offers comfortable living with plenty of potential, making it an excellent opportunity for buyers seeking space, practicality and the chance to make it their own.The home comprises four bedrooms, including a master with ensuite. A central bathroom services the remainder of the home, while the functional floorplan provides comfortable living spaces suited to families, first home buyers and investors alike.Outside, the property offers excellent vehicle accommodation with a high-clearance double carport, ideal for larger vehicles, boats or caravans, as well as a double garage providing additional storage and workshop space. Set on approximately 731sqm, the yard also offers plenty of room for children, pets and gardening enthusiasts.A short stroll or drive will place you in the heart of Paynesville's bustling township, complete with the local IGA, your pick of cafes and the beautiful foreshore. Freeman Reserve, the Bowls Club and Paynesville Primary School are also nearby, adding further convenience.Offering immediate comfort, excellent vehicle accommodation and exciting scope for the future, this appealing property is sure to attract buyers looking to secure their place in one of Gippsland's most popular coastal communities.

Property History for 48 Cumming St, Paynesville, VIC 3880

A timeline of how this property has performed in the market
Listed for Rent
$290/w
14 Jun 2014
  • 16 Jun 2026
    Listed for Sale $495,000 Price Reduced
  • 13 May 2014
    Listed for Rent - Price not available
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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 3,379 properties. Over the last 5 years, Houses in Paynesville have seen a 15.22% increase in median value, while Units have seen a 17.36% increase. As at 31 August 2026:

  • The median value for Houses in Paynesville is $595,888 while the median value for Units is $387,576.
  • Houses have a median rent of $500 while Units have a median rent of $390.
There are currently 76 properties listed for sale, and 15 properties listed for rent in Paynesville on OnTheHouse. According to Cotality's data, 186 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.