Back 113 Main Rd
Off Market

113 Main Rd

Paynesville VIC 3880

3
2
5
1046 m²
House
Last sold for $485,000
Sean SabellSean Sabell, last sold this property on 28 October 2025 after 846 days on market.

Overview

INVESTMENT OPPORTUNITY WITH LEASES IN PLACE!

Located on Paynesville's main road, this large property offers immense investment potential. The property consists of a 2-bedroom house at the front and a 1-bedroom unit at the back, providing an excellent opportunity for short-term stays or rentals in the desirable coastal town of Paynesville. The 2-bedroom house features well-lit living spaces with corner bedrooms that maximize natural light. The house has floorboards throughout and a recently updated bathroom, while also including a separate laundry, a small fenced yard, garden shed, and a spacious carport. The furnished unit at the back comes decorated and fully equipped for comfortable living or renting. Its carpeted living room seamlessly connects to the dining and kitchen area, complete with a breakfast bar for additional seating. The unit offers independent living with a washing machine in the bathroom. It also features a front deck, garden shed, a washing line, and a backyard space. In addition to the two dwellings, the property boasts a large 10x10 metre shed, providing extra storage or investment opportunities. The house is currently leased until late May 2025, at $350 per week. The unit is currently leased until February 2026, at $260 per week. Don't miss out on this great value opportunity at 113 Main Road, Paynesville. It's a unique property that's worth coming to see! View the Due Diligence Checklist: consumer.vic.gov.au/duediligencechecklist

Features

3 bedrooms
2 bathrooms
5 carspaces
2 carport spaces
3 garage spaces
1046 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Paynesville over the last 12 months, the estimated median property value of 113 Main Rd is $527.5k.

Median value
$527.5k
Estimated value range
$305k - $1.63m
Median days on market
67
Estimated value trend
-3%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Paynesville. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 113 Main Rd

2026
Rented
Undisclosed
Leased on 05 Jan 2026 by OBrien Real Estate Bairnsdale
2025
Sold
$485,000
28 Oct 2025 by Sean Sabell, of OBrien Real Estate Bairnsdale
2024
Rented
Undisclosed
Leased on 14 Jan 2024 by OBrien Real Estate Bairnsdale

Happy sellers in Paynesville

70%
70% of sellers in Paynesville reported that their sale price either exceeded or met their price expectations.

Paynesville stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 10 reviews in Paynesville over the last 12 months.

Local market activity for 3 bedroom houses in Paynesville

In the last 12 months, 78 three-bedroom houses similar to 113 Main Rd, have been sold.

This represents a 66% decrease in three-bedroom houses sales when compared to the previous 12 months.

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