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7/28 Paynesville Road, Bairnsdale$210,000
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For Saleapartment

7/28 Paynesville Road

Bairnsdale, VIC 3875, Australia
$210,000
1 bed 1 bath 1 car55 m²

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Listing description

About this property

Positioned directly across the road from the Mitchell River, this neat one-bedroom unit offers an easy going lifestyle with everything you need close at hand â including Luckes Fresh Foods just around the corner and the Bairnsdale town centre only a short walk away. Inside, a bright and open-plan kitchen, dining and living area creates a welcoming space to unwind. The north-facing bedroom is comfortably sized with built-in robes to keep things tidy, while the integrated bathroom and laundry flows directly out to a low-maintenance backyard â ideal for those who want outdoor space without the upkeep. A single car garage rounds out the practical appeal of this well-located property. Currently tenanted with a lease through to October, with the existing tenant keen to stay on â making this a ready-made opportunity for investors looking for a hassle-free addition to their portfolio, or owner-occupiers happy to take it at a relaxed pace. Limited inspections are available, reach out to Veronica Davies for details.

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
1
Bathrooms
1
Parking
1
Land Area
55 m²
Listed
2 months ago

Repayment calculator

$1,018/month
$509 /fortnight
Loan $168,000 at 6.10% over 30 years

Upfront costs

Deposit$42,000
Stamp duty$7,670
Conveyancing (est.)$2,000
Total upfront$51,670
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 Bairnsdale

This 1-bedroom apartment in Bairnsdale, VIC 3875 sits within reach of public transport, local shops and nearby schools. It is listed 52% below the $440,000 median of 66 comparable apartmentswithin 5 km.

Schools near Bairnsdale

  • Bairnsdale Christian Collegecombined · Prep-10 · CoEd
  • East Gippsland Specialist Schoolcombined · U · CoEd
  • Bairnsdale Primary Schoolprimary · Prep-6 · CoEd
  • Bairnsdale West Primary Schoolprimary · Prep-6 · CoEd
  • Wild Cherry Schoolprimary · Prep-6 · CoEd
  • Bairnsdale Secondary Collegesecondary · 7-12 · CoEd

What's nearby

  • Service St/Princes Hwy (bus)1.0 km away
  • B & J Crane Stihl Power Tools & Massport923 m away
  • Unnamed950 m away
  • Unnamed1.1 km away
  • City Park1.4 km away

Bairnsdale at a glance

Full suburb profile
Population
7,905
Median age
44
Household income
$1,101/wk
Median rent
$270/wk
Median mortgage
$1,192/mo

Source: ABS Census.

Due diligence

Property Report

Future Development

Complete

Bairnsdale is experiencing modest development activity focused on regional service consolidation, town centre revitalisation and low-density residential infill. Development pressure remains moderate, reflecting its role as a significant East Gippsland regional centre with emphasis on maintaining livability and supporting essential services rather than high-growth urban renewal.

Nearby projects

5

Closest

0.2 km

Bairnsdale town centre streetscape project

1.3km2.5km3.8km5kmBairnsdale town centre streetscape project — 0.2 kmBairnsdale residential infill development — 0.5 kmEast Gippsland Hospital campus upgrade — 1.2 kmMitchell River estuary precinct improvement — 1.5 kmRural residential estate - south Bairnsdale — 3.5 km

Distance from this property is exact (rings = km). Direction is illustrative.

Bairnsdale town centre streetscape project

0.2 km
InfrastructureUnder construction

Public realm enhancement including streetscape, pedestrian safety and accessibility improvements along the main business district.

2024

200 m

Bairnsdale residential infill development

0.5 km
Residential subdivisionApproved

Small-scale residential infill project targeting vacant or underutilised land within the Bairnsdale CBD and surrounding areas.

2024-2025

500 m

East Gippsland Hospital campus upgrade

1.2 km
InfrastructureCompleted

Redevelopment and modernisation of the regional hospital facility serving the Bairnsdale and wider East Gippsland community.

2023

1.2 km

Mitchell River estuary precinct improvement

1.5 km
Mixed-useProposed

Strategic waterfront revitalisation project with potential for recreational facilities, public realm improvements and limited compatible development.

2025-2026

1.5 km

Rural residential estate - south Bairnsdale

3.5 km
Residential subdivisionApproved

Low-density rural residential subdivision on the southern fringe targeting lifestyle and semi-rural living preferences.

2025

3.5 km
Source: StMate AI — VIC development trends06/05/2026
Disclaimer: This report combines data from Australian Government open data portals (CC-BY 4.0) and StMate AI. For non-NSW properties some sections (zoning, flood, bushfire, development, heritage) are AI-generated based on publicly known suburb characteristics — always verify with the relevant council or authority before making decisions. This report does not constitute legal, financial, or planning advice.

Suburb market

Suburb price trend

Bairnsdale price trend

Median sold · Unit 2 bed

Compound growth +7.7% / yr over 4 yrs

$350kcurrent median

Suburb-wide medians from sold listings — a guide to the area, not this specific property.

Full Bairnsdale market

This listing

Price history

Price history

Listing price changes

1 price change recorded for this property

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Within 5km

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