7/3 Erickson Lane, Paynesville, VIC 3880 | Property Value & History | OnTheHouse
 
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7/3 Erickson Lane
Paynesville VIC 3880

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 108m2
Land area: 1176m2
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Property Details for 7/3 Erickson Lane, Paynesville

7/3 Erickson Lane, Paynesville is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2002. The property has a land size of 1176m2 and floor size of 108m2. While the property is not currently for sale or for rent, it was last sold in November 2024.

Building Type
Unit
Year Built
2002
Floor Size
108m2
Land Size
1176m2
Local Government
East Gippsland
Lot/Plan
10/PS702480

Last Listing description (December 2024)

Looking for the perfect blend of comfort, convenience and natural beauty? Look no further than this fully furnished apartment nestled in the heart of town, just steps away from the picturesque Paynesville foreshore and the tranquil waters of Lake Victoria. Whether you're seeking a serene residence or a savvy investment opportunity, this property offers the ideal canvas for your lifestyle dreams.
Upon entering, you're greeted by an inviting open-plan living space & expansive windows that frame stunning lake views. Step out onto the balcony to savor your morning coffee or unwind with a glass of wine as you watch the sun set over the glistening waters.
The accommodation comprises a spacious main bedroom, complete with an ensuite bathroom and a private balcony, providing a secluded retreat to relax and recharge. A second bedroom and a main bathroom offer comfort and convenience for guests or family members.

No need to worry about parking, as this property boasts a double garage, ensuring ample space for your vehicles and storage needs. Plus, with the added perk of a supermarket right at your back door, daily errands become a breeze.
Whether you're seeking a peaceful haven to call home or a lucrative investment opportunity in a highly sought-after location, this fully furnished apartment ticks all the boxes. Don't miss out on the chance to make lakefront living a reality - schedule your viewing today!

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Property History for 7/3 Erickson Lane, Paynesville, VIC 3880

A timeline of how this property has performed in the market
Last Sold
$600,000
09 Nov 2024
Listed for Rent
$350/w
25 Mar 2020
  • 09 Nov 2024
    Sold for $600,000
  • 06 Sep 2024
    Listed for Sale $630,000
  • 19 Aug 2021
    Sold for $515,000
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About Paynesville 3880

The size of Paynesville is approximately 7.0 square kilometres. It has 8 parks covering nearly 3.7% of 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 3,337 properties. Over the last 5 years, Houses in Paynesville have seen a 35.81% increase in median value, while Units have seen a 47.32% increase. As at 31 October 2025:

  • The median value for Houses in Paynesville is $603,970 while the median value for Units is $374,388.
  • Houses have a median rent of $500 while Units have a median rent of $380.
There are currently 101 properties listed for sale, and 11 properties listed for rent in Paynesville on OnTheHouse. According to Cotality's data, 170 properties were sold in the past 12 months in Paynesville.

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© Copyright 2025. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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