Back 24/19 Mitchell Street
Off Market

24/19 Mitchell Street

Paynesville VIC 3880

3
2
2
146 m²
Unit
Last sold for $650,000
Todd LeggattTodd Leggatt, last sold this property on 28 July 2025 after 116 days on market.

Overview

PREMIUM WATERFRONT HOLIDAY ACCOMMODATION

Situated in the heart of the Gippsland Lakes, 24 Captains Cove offers an outstanding opportunity to secure a premium waterfront holiday investment in Paynesville. This fully furnished, three-bedroom property has been recently upgraded, featuring fresh paint, new carpets, retiling, and stylish new furniture, including brand-new beds and a modern TV. Thoughtfully refreshed to enhance comfort and appeal, this holiday retreat is ready for guests to enjoy. With direct water access and a private jetty, this stylish residence is a prime destination for holidaymakers, boating enthusiasts, and weekend getaways. The open-plan living and dining areas seamlessly flow onto a spacious deck, where guests can soak in breathtaking canal views and embrace the serene lakeside atmosphere. A proven performer in the holiday rental market, this property boasts strong occupancy rates and consistent rental income, making it a standout investment. Located just a short stroll from Paynesville's vibrant cafes, boutique shops, and local attractions, it offers the perfect balance of convenience and coastal charm. As demand for waterfront holiday accommodation in East Gippsland continues to rise, this is a rare opportunity to secure a high-performing, hassle-free investment in one of Victoria's most sought-after locations. Contact the team at King & Heath Paynesville today to arrange an inspection and secure this exceptional waterfront property.

Features

3 bedrooms
2 bathrooms
2 carspaces
2 carport spaces
146 m² lot size
Unit

Estimated Value

Based on this property and similar 3 bedroom units sold in Paynesville over the last 12 months, the estimated median property value of 24/19 Mitchell Street is $522.5k.

Median value
$522.5k
Estimated value range
$427.5k - $1.04m
Median days on market
115
Estimated value trend
16%
increase 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 24/19 Mitchell Street

2025
Sold
$650,000
Private Sale/Treaty on 28 Jul 2025 by Todd Leggatt, of King & Heath First National Paynesville
2019
Sold
Undisclosed
03 Oct 2019 by Scott Holland, of King & Heath First National Paynesville

Happy sellers in Paynesville

69%
69% 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 9 reviews in Paynesville over the last 12 months.

Local market activity for 3 bedroom units in Paynesville

In the last 12 months, 9 three-bedroom units similar to 24/19 Mitchell Street, have been sold.

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