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 › The Grange
$522,500
Last sold
4 Feb 2026
3
Bedrooms
2
Bathrooms
2
Car spaces
595 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
$522,500
4 Feb 2026 · derived via latest_sale
Local land rate: recorded House sales in Paynesville (last 5 years) with land size have a median of $880/m² of land (n=29). 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.
Vs Paynesville
-9.4%
Median sale
Suburb $577,000
+0.49 pp
Gross yield
Suburb 4.78%
Suburb median $577,000 from 19 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
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 596 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. The listing may look cheap relative to land or the street. 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 596 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?
KnownlowThe listing may look cheap relative to land or the street. 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 Coast to Country Real EstateThis three-bedroom, newly renovated family home is in a popular Paynesville location only a short distance from walking tracks, the primary school and sporting facilities. The light and bright, modern home sits on an easy to manage 595 m2 block meaning you don't have to spend all your weekends in the garden!
To the front of the home is a gravel driveway providing plenty of off-street parking and leading to a double garage. There's also side access to the rear yard, perfect for storage of your trailer or a small boat. Stepping into the home there is a generous carpeted lounge with long picture style windows. Alongside is the master bedroom complete with ensuite, walk-in robe and long picture style windows.
A second tiled living area at the centre of the home seamlessly combines with a modern kitchen which features generous storage, dishwasher, gas cooktop and a brand-new electric oven. There's a short hallway to access the second and third bedrooms, which both feature built in robes. There is also a family bathroom complete with both shower and bath, perfect for those planning to start a family or with young children. Alongside is a compact laundry with access to the rear yard.
The home features a private courtyard which is accessed off the living area thereby extending the living space. The courtyard would be perfect for barbeques and entertaining during the warmer months whilst also being a great place to gather around a cosy fire pit in the cooler months. The rear yard provides enough space for children and pets to play whilst a small garden shed provides additional storage.
A split system, reverse cycle air conditioner is centrally located in the main living area whilst ducted heating throughout the home helps maintain a comfortable temperature during the cooler months. A solar hot water system and a grid connected solar system will help keep those bills low and would be well suited to those with electric or plug-in hybrid vehicles.
In the middle of The Grange is a reserve over half an acre in size where homeowners enjoy gathering for regular community events. A pedestrian thoroughfare to May Park Drive provides easy access to the Primary School, Freeman Reserve and the Bowling Club. There's plenty of walking tracks close by and the Bairnsdale School buses leave from just out the front on Paynesville Road.
Freshly painted throughout and with new carpets, this home really does present like new and may be a more affordable option for those that have considered buying land and building a new home. Don't miss your opportunity to secure this fantastic home in a dress circle location where you can just move in and enjoy whilst spending your weekends out on the water on the Gippsland Lakes or exploring the beautiful East Gippsland region.
Please view our Virtual Tour online and call Richard Ivey on 0401 113 310 to organise your personal inspection. Inspections available seven days a week by appointment.
Listing description written by Richard Ivey, Coast to Country Real Estate — reproduced as published, not verified by Districts.