Paynesville at a glance
3,701
People
$577,000
Median sale
$530/wk
Median rent
4.78%
Suburb gross yield
Median sale from 19 recorded sales (last 12 months) — a Districts calculation.
VIC › Paynesville › King St
3
Bedrooms
2
Bathrooms
2
Car spaces
960 m²
Land
Districts View
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
No recorded sale price for this property yet.
Local land rate: recorded House sales in Paynesville (last 5 years) with land size have a median of $879/m² of land (n=30). Districts calculation from recorded sales — not a valuation.
Paynesville at a glance
3,701
People
$577,000
Median sale
$530/wk
Median rent
4.78%
Suburb gross yield
Median sale from 19 recorded sales (last 12 months) — a Districts calculation.
Planning
Planning scheme
ZN
Zone
GENERAL RESIDENTIAL ZONE - SCHEDULE 1
GRZ1
Jurisdiction
East Gippsland
East Gippsland, VIC
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICZoned GENERAL RESIDENTIAL ZONE - SCHEDULE 1 · GRZ1 (ZN). Official parcel area about 962 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Minimum lot size is not loaded, so two-lot subdivision is not confirmed. Official parcel about 962 m² — land size can look like optionality. What reduces it: DESIGN AND DEVELOPMENT OVERLAY - SCHEDULE 14. This overlay can reduce what the land size appears to promise. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $530/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
3 of 10 questions answered so far
Development optionality of this lot
KnownmediumZoned GENERAL RESIDENTIAL ZONE - SCHEDULE 1 · GRZ1 (ZN). Official parcel area about 962 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
KnownlowOfficial parcel about 962 m² — land size can look like optionality. What reduces it: DESIGN AND DEVELOPMENT OVERLAY - SCHEDULE 14. This overlay can reduce what the land size appears to promise.
Lot-level flood
UnknownFlood overlay has not been queried for this lot. Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownNo DA adapter returned applications for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Paynesville at a glance
3,701
People
$577,000
Median sale
$530/wk
Median rent
4.78%
Suburb gross yield
Median sale from 19 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Harcourts BairnsdaleIntroducing 105 King Street Paynesville, a Blay built home, completed *seven years ago with structural upgrading including higher ceilings that provide increased airflow, wide entry and larger living zones with upgraded designer selections throughout the home along with a larger than standard double garage creating comfortable livability.
Located in a modern estate in Paynesville, the home is adjacent to Paynesville Park and walking distance to the AJ Freeman Reserve and Paynesville Bowling Club, and a comfortable walk or push bike ride or short drive to the Esplanade wrapped around the Paynesville Foreshore and boat ramp.
The home has a comfortable and extended floor plan with the centerpiece being the open plan kitchen with quality appliances, gas cooktop and wall oven with a larger fridge cavity providing practical functionality. Further benefits are the walk-in pantry and breakfast bar that extends into the dining and living zone boasting a gas heater and reverse cycle for all year-round comfort. Access to the outside alfresco entertaining area is via the internal living zone.
The home has three carpeted bedrooms, all with ceiling fans, with the master being generous in size with a walk-in robe and ensuite and the other two bedrooms being in a separate zone of the home, both having built-in robes. This separate zone gives access to and secondary living area or retreat and the main bathroom, toilet and the laundry with external access. A bonus to the home is a generous walk in linen cupboard with access through to the private office tucked into the footprint of the home with current NBN connection.
The yard is pet friendly, being securely fenced and has side access into the rear where there is a *6m x *4m lock up workshop with glass sliding door, two smaller garden sheds and ample room for the green thumb to input raised garden beds or a hot house. The front of the home faces North, making it a comfortable spot to sit in the sun on cooler days. On the roof is a solar feedback system offsetting power usage during daylight hours.
Minutes from the Paynesville Hotel and the many eateries and cafés in the heart of the esplanade, and from the boat ramp this property can have you at the gateway to the Gippsland Lakes for water sports and recreation or fishing all year around and is ideal for permanent occupancy or could suit the investor for rental being a durable and practical build.
Paynesville is located * ten minutes south of the regional township of Bairnsdale in East Gippsland and is *three hours East of Melbourne and with a drive *two hours' north via Great Alpine Road will take you to the snowfields of Dinner Plain and Mount Hotham. Also, in proximity, are the walking trails and the rail trails for walking, biking or general exploring.
Move in and live, or rent for investment, the choice is yours.
Inspections are strictly by appointment for qualified buyers.
All enquiry, contact Michael Enever 0458272797.
*Approximately
Disclaimer:
"The vendor reserves the right to remove the property from the market, and / or sell the property at any time prior to the conclusion of the advertised marketing campaign."
"All care has been taken in compiling these particulars, but the vendor and their agents do not guarantee the details and cannot accept responsibility for errors or misdescriptions if any. Intending purchasers should satisfy themselves as to the correctness of details."
Listing description written by Michael Enever, Harcourts Bairnsdale — reproduced as published, not verified by Districts.