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 › Fort King Rd
$1,095,000
For sale
Asking
4
Bedrooms
2
Bathrooms
2
Car spaces
503 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
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
Asking
$1,095,000
Asking · $2,177/m² of land
No recorded sale for this property.
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
+89.8%
Median sale
Suburb $577,000
-2.26 pp
Gross yield
Suburb 4.78%
Suburb median $577,000 from 19 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
$66,592 on top of the price (6.1% extra)
Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.
Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.
Pre-filled with Paynesville's advertised median rent — not a rent for this listing.
Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.
Planning
Planning data is being calculated
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
VICPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” 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.
Gross yield if leased at the suburb aggregate is 2.5%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. 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.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
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?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). 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
UnknownDevelopment applications have not been queried 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 Shoreside Real EstateWake up to calming canal views, step from your private jetty onto the water, and spend your afternoons entertaining on the covered alfresco as boats drift by. Positioned within one of Paynesville's most sought-after canal-front precincts, this contemporary waterfront residence delivers the perfect balance of relaxed coastal luxury, boating convenience and premium holiday accommodation appeal.
Features:
• Canal-front position with private jetty
• Direct Gippsland Lakes boating access
• 4 bedrooms | 2 bathrooms
• Spacious open-plan living with water views
• Covered waterfront alfresco entertaining
• Stone kitchen with walk-in pantry
• Double-glazed windows
• Double garage + additional parking
• Proven short-stay accommodation appeal
• Walk-in walk-out option available by negotiation
Designed for boating enthusiasts and those seeking effortless coastal living, the home enjoys direct canal frontage with seamless connection to the Gippsland Lakes system, allowing you to step from your living room to your boat with ease.
Spanning two spacious levels, the residence has been thoughtfully designed to maximise natural light, water views and entertaining. The expansive open-plan kitchen, dining and living zone flows directly to the covered waterfront alfresco where long lunches, sunset drinks and relaxed weekends become part of everyday life.
The modern stone kitchen features oversized bench space, quality appliances and a walk-in pantry, while multiple living zones provide flexibility for families, guests or holidaymakers.
Upstairs, the generous master suite captures calming canal views and includes a spacious walk-in robe and modern ensuite. Three additional bedrooms and a second bathroom create excellent accommodation capacity for larger families or premium short-stay guests.
Low-maintenance landscaping, contemporary finishes and the sought-after waterfront setting combine to create an exceptional lock-and-leave holiday home, executive coastal residence or investment opportunity within one of the Gippsland Lakes' strongest lifestyle markets.
Whether you are searching for a permanent sea-change, luxury boating base or high-performing holiday rental opportunity with proven short-stay accommodation history, this property delivers on every level. Vendors are also open to negotiating a walk-in walk-out option for purchasers seeking a turnkey holiday rental or fully furnished lifestyle retreat, allowing for an effortless transition into immediate personal use or income generation.
Additional premium inclusions such as double-glazed windows and provision for a future lift installation further enhance the home's long-term comfort, accessibility and appeal.
This is a property designed to deliver both lifestyle and long-term value.
Contact the Shoreside team today to arrange your private inspection.
Disclaimer:
Due Diligence Checklist
What you need to know before buying a residential property. Before you buy a home, you should be aware of a range of issues that may affect that property and impose restrictions or obligations on you if you buy it. This checklist aims to help you identify whether any of these issues will affect you. The questions are a starting point only and you may need to seek professional advice to answer some of them. You can find links to organisations and web pages that can help you learn more by visiting the due diligence checklist page on the Consumer Affairs Victoria website (consumer.vic.gov.au/duediligencechecklist).
Disclaimer: All information contained herein is gathered from sources we believe to be reliable. However, we cannot guarantee its accuracy, and interested persons should rely on their own enquiries.
Listing description written by Rachael Newman, Shoreside Real Estate — reproduced as published, not verified by Districts.
Also look at