5 Riviera Close, Paynesville, VIC 3880 | Property Value & History | OnTheHouse
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5 Riviera Close
Paynesville VIC 3880

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 198m2
Land area: 1575m2
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Property Details for 5 Riviera Cl, Paynesville

5 Riviera Cl, Paynesville is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 2008. The property has a land size of 1575m2 and floor size of 198m2. While the property is not currently for sale or for rent, it was last sold in October 2019.

Building Type
House
Year Built
2008
Floor Size
198m2
Land Size
1575m2
Local Government
East Gippsland
Lot/Plan
4/PS521902

Last Listing description (August 2026)

Set in a highly sought-after pocket of Paynesville, this beautifully maintained three-bedroom brick home delivers an outstanding combination of space, convenience and future potential. Positioned on an exceptionally large allotment and just moments from the Primary School, shops, waterfront and township amenities, this property is ideal for families, investors or those seeking room to grow.Freshly presented throughout, the home offers a generous and versatile floorplan featuring multiple living and dining zones along with a dedicated study, providing plenty of space for everyday family life, entertaining or working from home. The centrally located kitchen forms the heart of the home, connecting effortlessly with the surrounding living areas.Accommodation is well catered for, with a master bedroom complete with a private ensuite and walk-in robe, while the remaining two bedrooms are spacious and include built-in wardrobes. Both bathrooms are tastefully finished, and comfort is assured year-round with ducted heating throughout the home, plus split system heating and cooling, complemented by a cosy wood heater for the cooler months.One of the standout features is the expansive backyard, accessed via a secondary driveway with wide side gates, making it ideal for securely storing boats, caravans, trailers or additional vehicles. Fully fenced with quality Colorbond fencing and featuring a garden shed, the yard offers exceptional space and flexibility. With its substantial block size and excellent access, there is also clear potential for future subdivision or further development (STCA).Located in a quiet court setting, the home enjoys a sense of privacy and safety while still being within easy walking distance to schools and the heart of Paynesville. Filled with natural light and offering immediate comfort, this is a property that can be enjoyed now while also presenting exciting opportunities for the future.Whether you're searching for a family home, an investment with upside, or a property with room to expand, this outstanding Paynesville opportunity is not to be missed.View the Due Diligence Checklist: consumer.vic.gov.au/duediligencechecklist

Property History for 5 Riviera Cl, Paynesville, VIC 3880

A timeline of how this property has performed in the market
Last Sold
$425,000
14 Oct 2019
  • 19 Oct 2025
    Listed for Sale $779,000
  • 14 Oct 2019
    Sold for $425,000
  • 12 Jun 2018
    Listed for Sale $529,000
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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 3,320 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.
There are currently 77 properties listed for sale, and 14 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.