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19/19 Mitchell Street, Paynesville$680,000
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19/19 Mitchell Street

Paynesville, VIC 3880, Australia
$680,000
3 bed 2 bath 1 car110 m²

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About this property

Positioned right in the heart of the Gippsland Lakes, 19 Captains Cove offers a great opportunity to secure a quality waterfront holiday rental with strong occupancy and a reliable income stream. The home is well cared for and has been recently refreshed, presenting fresh, modern and tidy throughout. The updated kitchen sits at the centre of the home and connects naturally with the open plan living and dining area. Tasteful finishes and furnishings create a light, clean and welcoming space that is ready to be enjoyed from day one. Offered fully furnished on a genuine walk-in walk out basis the property includes three bedrooms, all fitted with queen beds. This makes it an easy, low stress option for buyers looking for a proven holiday rental while still allowing flexibility for personal use of up to 21 days per year. Waterfront living is the real highlight. The living area opens directly onto the deck, where peaceful canal views set the tone for relaxed lakeside living. With direct water access and a private jetty, boating, kayaking or simply enjoying the outlook becomes part of everyday life. The location completes the picture. A short walk takes you to the cafés, restaurants and shops of Paynesville, with the broader Gippsland Lakes right on your doorstep. Well maintained fully equipped and ready to go, this is a rare opportunity to secure a quality waterfront property with immediate lifestyle appeal and consistent holiday income. Contact the team at King and Heath Paynesville to arrange your inspection.

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
3
Bathrooms
2
Parking
1
Land Area
110 m²
Listed
3 months ago

Repayment calculator

$3,297/month
$1,648 /fortnight
Loan $544,000 at 6.10% over 30 years

Upfront costs

Deposit$136,000
Stamp duty$35,870
Conveyancing (est.)$2,000
Total upfront$173,870
Verify with VIC revenue office →
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 3-bedroom house in Paynesville, VIC 3880 sits within reach of public transport, local shops and nearby schools. It is listed 35% above the $505,000 median of 66 comparable houseswithin 5 km.

Schools near Paynesville

  • Paynesville Primary Schoolprimary · Prep-6 · CoEd

What's nearby

  • Raymond Island Ferry (ferry)436 m away
  • Clasiqe Computer Solutions630 m away
  • Gilsenan Reserve418 m away
  • Unnamed1.3 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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Suburb market

Suburb price trend

Paynesville price trend

Median sold · House 3 bed

Compound growth +0.0% / yr over 4 yrs

$550kcurrent median

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Price history

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1 price change recorded for this property

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