SOLD
Sold on 11 Dec 2023 for $185,000

1/28 Paynesville Road
Bairnsdale VIC 3875

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 53m2
Land area: 52m2
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Property Details for 1/28 Paynesville Rd, Bairnsdale

1/28 Paynesville Rd, Bairnsdale is a 2 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 52m2 and floor size of 53m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 2 bedroom House sold in Bairnsdale in the last 12 months.

Building Type
House
Floor Size
53m2
Land Size
52m2
Local Government
East Gippsland
Lot/Plan
2/LP62548

Last Listing description (July 2023)

Located just over the road from the Mitchell River and within walking distance to Bairnsdale CBD, you'll find this 1 bedroom unit providing fantastic returns to it's current owner.
Currently rented for $270 p/w, on a month to month basis, you'll struggle to find a better return on investment in this current market or alternatively, a great first property for those eager to get in the market.
The property also features:

- Renovated bathroom
- Renovated kitchen
- Enclosed north-facing backyard
- Single car garage
If this property looks like the perfect fit for your property portfolio, don't hesitate to call King and Heath Bairnsdale today. Open 7 days for your convenience.

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Property History for 1/28 Paynesville Rd, Bairnsdale, VIC 3875

A timeline of how this property has performed in the market
Last Sold
$185,000
11 Dec 2023
Listed for Rent
$220/w
27 May 2020
  • 11 Dec 2023
    Sold for $185,000
  • 13 Jul 2022
    Listed for Sale $190,000
  • 05 May 2020
    Listed for Rent $220 / week
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About Bairnsdale 3875

The size of Bairnsdale is approximately 66.4 square kilometres. It has 15 parks covering nearly 9.2% of total area. The population of Bairnsdale in 2011 was 7,237 people. By 2016 the population was 7,581 showing a population growth of 4.8% in the area during that time. The predominant age group in Bairnsdale is 60-69 years. Households in Bairnsdale are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Bairnsdale work in a professional occupation. In 2011, 63.8% of the homes in Bairnsdale were owner-occupied compared with 60.8% in 2016.

Bairnsdale has 5,788 properties. Over the last 5 years, Houses in Bairnsdale have seen a 55.18% increase in median value, while Units have seen a 41.54% increase. As at 31 October 2024:

  • The median value for Houses in Bairnsdale is $441,387 while the median value for Units is $321,643.
  • Houses have a median rent of $440 while Units have a median rent of $360.
There are currently 87 properties listed for sale, and 31 properties listed for rent in Bairnsdale on OnTheHouse. According to CoreLogic's data, 208 properties were sold in the past 12 months in Bairnsdale.

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