Home/Properties/Bairnsdale/7/28 Paynesville Road
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

Flood Risk

Complete
Medium flood risk

None

Low

Medium

High

Flood zone

Land Subject to Inundation Overlay (LSIO); Mitchell River floodplain

Bairnsdale is located in the Gippsland region adjacent to the Mitchell River, which has a documented flood history including significant inundation events. Properties within or near the Mitchell River floodplain are likely mapped under the LSIO, imposing medium flood risk requiring careful assessment of floor levels and hazard mitigation during development or modification.

Planning controls

  • Compliance with VIC Planning Scheme LSIO requirements for floor levels and hazard management
  • Exemptions and application of Floodplain Management Overlay (FMO) in designated areas
  • Mandatory floor level setbacks and finished floor height requirements relative to 1% AEP flood level
  • Building design standards to manage flood risk in areas mapped within Mitchell River and minor tributary corridors
Source: StMate AI — VIC flood overlays06/05/2026
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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