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Paynesville, VIC 3880

This property is not currently for sale or rent on
4 Beds
2 Baths
2 Cars
1,288m² Land


Welcome to 123B Newlands Drive, an amazing 1,288m waterfront block of land with stunning views overlooking Newlands Arm.
Just a 650m walk from your back yard to the lovely Sunset Cove beach and picnic area, and a leisurely 1.5klm walk into the town proper along the gorgeous Sunset Cove Walking Track, this property is perfectly situated.
This four-bedroom, two-bathroom home is cleverly designed to function as two separate two-bedroom units, each with their own kitchen and living areas. It is perfect for those looking for a great investment opportunity; both properties are currently rented with the combined rental income of $2,884 gross per month approx.
This property presents several opportunities for the savvy investor:
• Rent out both units to maximise your investment return.
• Rent out one unit while you live in the other unit.
• Rent out one unit while you renovate the other unit.
• Live in one unit while you renovate the other unit – then swap.
• Renovate the entire house before moving in yourself.
• If you're dreaming of the next level dream home, this waterfront block would be ideal for a new build.
You can enjoy a waterfront lifestyle while earning rental income. One of the best features of this property is its stunning location. Situated on the waterfront, you can wake up to water views and enjoy a morning coffee while watching the sunrise. You can spend your days fishing, swimming, boating, or simply relaxing in the peaceful surroundings.
This is a once-in-a-lifetime opportunity to own a waterfront property with investment/lifestyle/development potential.
Enquire today to arrange a private inspection and experience the magic of this property for yourself.

Property Features:

  • Built in Robes
  • Carport Spaces: 2
  • Water Views

Suburb Profile


Paynesville VIC 3880