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11/2-8 Victoria Street, Paynesville$160,000

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For Saleapartment

11/2-8 Victoria Street

Paynesville, VIC 3880, Australia

$160,000

1 bed 1 bath

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About this property

Positioned just steps from the town centre, this low-maintenance waterfront accommodation offers the perfect set-and-forget investment opportunity. Overlooking the tranquil canal and featuring a welcoming outdoor area, the property provides guests with a relaxing stay in the heart of Paynesville. Guests can enjoy access to one of Mariner's Cove jetty berths during their visit, enhancing the appeal for holidaymakers. Professionally managed by an experienced local team, Mariner's Cove delivers consistent service and strong occupancy performance making this motel room a hands-free investment. Please note, this motel room is available for investment purposes only and not for owner occupation. Contact the team at King & Heath Paynesville to find out more today.

Property Details

Property Type: apartment
Listing Type: For Sale
Bedrooms: 1
Bathrooms: 1
Listed: 3 months ago

Repayment calculator

$776/month

$388 /fortnight

Loan $128,000 at 6.10% over 30 years

Upfront costs

Deposit$32,000

Stamp duty$4,670

Conveyancing (est.)$2,000

Total upfront$38,670

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Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Paynesville

This 1-bedroom apartment in Paynesville, VIC 3880 sits within reach of public transport, local shops and nearby schools. It is listed 68% below the $505,000 median of 64 comparable apartmentswithin 5 km.

Schools near Paynesville

Paynesville Primary Schoolprimary · Prep-6 · CoEd

What's nearby

Raymond Island Ferry (ferry) — 129 m away
Clasiqe Computer Solutions — 447 m away
Gilsenan Reserve — 204 m away
Unnamed — 1.5 km away

Paynesville at a glance

Full suburb profile

Population: 3,636
Median age: 62
Household income: $987/wk
Median rent: $310/wk
Median mortgage: $1,225/mo

Source: ABS Census.

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