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5 Riviera Close, Paynesville$725,000
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5 Riviera Close

Paynesville, VIC 3880, Australia
$725,000
3 bed 2 bath 2 car1575 m²

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About this property

Set in a highly sought-after pocket of Paynesville, this beautifully maintained three-bedroom brick home delivers an outstanding combination of space, convenience and future potential. Positioned on an exceptionally large allotment and just moments from the Primary School, shops, waterfront and township amenities, this property is ideal for families, investors or those seeking room to grow. Freshly presented throughout, the home offers a generous and versatile floorplan featuring multiple living and dining zones along with a dedicated study, providing plenty of space for everyday family life, entertaining or working from home. The centrally located kitchen forms the heart of the home, connecting effortlessly with the surrounding living areas. Accommodation is well catered for, with a master bedroom complete with a private ensuite and walk-in robe, while the remaining two bedrooms are spacious and include built-in wardrobes. Both bathrooms are tastefully finished, and comfort is assured year-round with ducted heating throughout the home, plus split system heating and cooling, complemented by a cosy wood heater for the cooler months. One of the standout features is the expansive backyard, accessed via a secondary driveway with wide side gates, making it ideal for securely storing boats, caravans, trailers or additional vehicles. Fully fenced with quality Colorbond fencing and featuring a garden shed, the yard offers exceptional space and flexibility. With its substantial block size and excellent access, there is also clear potential for future subdivision or further development (STCA). Located in a quiet court setting, the home enjoys a sense of privacy and safety while still being within easy walking distance to schools and the heart of Paynesville. Filled with natural light and offering immediate comfort, this is a property that can be enjoyed now while also presenting exciting opportunities for the future. Whether you're searching for a family home, an investment with upside, or a property with room to expand, this outstanding Paynesville opportunity is not to be missed. View the Due Diligence Checklist: consumer.vic.gov.au/duediligencechecklist

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
3
Bathrooms
2
Parking
2
Land Area
1575 m²
Listed
3 months ago

Repayment calculator

$3,515/month
$1,757 /fortnight
Loan $580,000 at 6.10% over 30 years

Upfront costs

Deposit$145,000
Stamp duty$38,570
Conveyancing (est.)$2,000
Total upfront$185,570
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 45% above the $500,000 median of 65 comparable houseswithin 5 km.

Schools near Paynesville

  • Paynesville Primary Schoolprimary · Prep-6 · CoEd

What's nearby

  • King St/Paynesville Rd (bus)816 m away
  • Paynesville Bakery Cafe1.2 km away
  • Unnamed330 m away
  • Gilsenan Reserve1.3 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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