8 Tambo Avenue, Paynesville, VIC 3880 | Property Value & History | OnTheHouse
OFF MARKET

8 Tambo Avenue
Paynesville VIC 3880

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 114m2
Land area: 544m2
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Property Details for 8 Tambo Ave, Paynesville

8 Tambo Ave, Paynesville is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1970. The property has a land size of 544m2 and floor size of 114m2. While the property is not currently for sale or for rent, it was last sold in February 2024.

Building Type
House
Year Built
1970
Floor Size
114m2
Land Size
544m2
Local Government
East Gippsland
Lot/Plan
153/LP55819

Last Listing description (November 2024)

Just around the corner from the boat ramp, 8 Tambo Avenue is a fully renovated home that was originally intended by the owners to be their forever home. However, due to changed circumstances, this charming residence is now available on the market.

Situated on a corner allotment, the home comprises three bedrooms, a spacious renovated bathroom, a separate toilet, and a new kitchen equipped with electric cooking, a dishwasher, an island bench, and ample cupboard space. The open plan living area features a reverse cycle air conditioner and a wood heater, while vinyl plank flooring enhances the durability in high foot traffic areas. The bedrooms have new carpeting and built-in robes.

Notable features include aluminum windows throughout, a rear veranda, a single lock-up garage with a remote door, and an additional garage/workshop with a large sliding gate for easy access. The workshop also boasts a large concreted area in front, behind the gate, making it an ideal space for securely parking a caravan or boat.

For further details or inquiries, please contact Bret Ward at 0427562644.

Property History for 8 Tambo Ave, Paynesville, VIC 3880

A timeline of how this property has performed in the market
Last Sold
$480,000
27 Feb 2024
Listed for Rent
$250/w
05 Dec 2013
  • 27 Feb 2024
    Sold for $480,000
  • 12 Dec 2023
    Listed for Sale $495,000
  • 21 Nov 2013
    Listed for Rent $250 / 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 3,327 properties. Over the last 5 years, Houses in Paynesville have seen a 24.80% increase in median value, while Units have seen a 28.37% increase. As at 30 April 2026:

  • The median value for Houses in Paynesville is $589,506 while the median value for Units is $396,453.
  • Houses have a median rent of $500 while Units have a median rent of $390.
There are currently 86 properties listed for sale, and 10 properties listed for rent in Paynesville on OnTheHouse. According to Cotality's data, 179 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.