7/28 Paynesville Road
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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
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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 & Massport — 923 m away
- Unnamed — 950 m away
- Unnamed — 1.1 km away
- City Park — 1.4 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
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
Distance from this property is exact (rings = km). Direction is illustrative.
Bairnsdale town centre streetscape project
0.2 kmPublic realm enhancement including streetscape, pedestrian safety and accessibility improvements along the main business district.
2024
Bairnsdale residential infill development
0.5 kmSmall-scale residential infill project targeting vacant or underutilised land within the Bairnsdale CBD and surrounding areas.
2024-2025
East Gippsland Hospital campus upgrade
1.2 kmRedevelopment and modernisation of the regional hospital facility serving the Bairnsdale and wider East Gippsland community.
2023
Mitchell River estuary precinct improvement
1.5 kmStrategic waterfront revitalisation project with potential for recreational facilities, public realm improvements and limited compatible development.
2025-2026
Rural residential estate - south Bairnsdale
3.5 kmLow-density rural residential subdivision on the southern fringe targeting lifestyle and semi-rural living preferences.
2025
Suburb market
Suburb price trend
Bairnsdale price trend
Median sold · Unit 2 bed
Compound growth +7.7% / yr over 4 yrs
Suburb-wide medians from sold listings — a guide to the area, not this specific property.
Full Bairnsdale marketThis listing
Price history
Price history
Listing price changes
1 price change recorded for this property
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