5/115 Main Road, Paynesville, VIC 3880 | Property Value & History | OnTheHouse
FOR SALE

5/115 Main Road
Paynesville VIC 3880

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 82m2
Land area: 230m2
This property is currently on the market
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Property Details for 5/115 Main Rd, Paynesville

5/115 Main Rd, Paynesville is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1986. The property has a land size of 230m2 and floor size of 82m2.This Property is currently listed for sale with King & Heath First National - PAYNESVILLE

Building Type
Unit
Year Built
1986
Floor Size
82m2
Land Size
230m2
Local Government
East Gippsland
Lot/Plan
5/SP21150

Last Listing description (July 2026)

Offering an affordable opportunity to enter the Paynesville market, this neat two-bedroom unit combines comfortable living, low-maintenance appeal and the flexibility to be enjoyed today while providing potential for tomorrow.Set behind a fully fenced front yard, the home provides a private outdoor space that is both practical and easy to maintain. Inside, the functional layout includes a comfortable living area, kitchen and meals space, two bedrooms and a central bathroom, creating a home that is ready to enjoy. A single carport provides off-street parking, while the property's Main Road location offers convenient access with a short drive to Paynesville's town centre, local amenities and community facilities.Whether you're searching for your first home, looking to downsize or are an investor seeking a low-maintenance property with strong rental appeal, this is a versatile opportunity that ticks the boxes.

Property History for 5/115 Main Rd, Paynesville, VIC 3880

A timeline of how this property has performed in the market
Listed for Rent
$260/w
19 Aug 2021
  • 15 Jun 2026
    Listed for Sale $269,000
  • 09 Aug 2021
    Listed for Rent $260 / week
  • 22 Oct 2018
    Listed for Rent $185 / week
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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 3,324 properties. Over the last 5 years, Houses in Paynesville have seen a 25.25% increase in median value, while Units have seen a 32.58% increase. As at 31 May 2026:

  • The median value for Houses in Paynesville is $601,780 while the median value for Units is $412,682.
  • Houses have a median rent of $500 while Units have a median rent of $390.
There are currently 83 properties listed for sale, and 11 properties listed for rent in Paynesville on OnTheHouse. According to Cotality's data, 189 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.