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.
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
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:
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