FOR SALE
$560,000

171 Commercial Road
Koroit VIC 3282

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
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Historic Grainstore - Endless Opportunities!

Whether you are looking for a residential property or setting up your own shop or cafe in a historic township, this property could be the one. The historical Robinson Brothers Grain Store, a piece of Koroit's history, is up for sale! Circa 1880, this 100+ year-old property sits proudly in the middle of Koroit's main street and has all the hallmarks of a building of this era: high ceilings, timber floorboards and stone walls, to name a few. This old store has the hallmarks of becoming a magnificent home but is equally ideal as a shop or cafe, holiday house, Airbnb or investment opportunity, or property development site. Currently configured into a kitchen, lounge, two bedrooms, hallway and a laundry/bathroom plus outdoor room while outside there is a garden shed, small rainwater tank, carport and enclosed yard. The property resides just a stroll away from both local pubs, the newly renovated IGA supermarket and all of the other boutique shops Koroit has to offer - cafes, restaurants, butcher, baker and much more! If this sounds like your kind of project, now is the time to secure your piece of Koroit's history - it could be just what you have been searching for! Call Homeseeka Real Estate today to arrange your private viewing.
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Property Details for 171 Commercial Rd, Koroit

171 Commercial Rd, Koroit is a 3 bedroom, 1 bathroom House with 1 parking spaces. The place is currently for sale with Homeseeka Real Estate - Warrnambool.

Building Type
House

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About Koroit 3282

The size of Koroit is approximately 42 square kilometres. It has 2 parks covering nearly 0.6% of total area. The population of Koroit in 2011 was 1,957 people. By 2016 the population was 2,043 showing a population growth of 4.4% in the area during that time. The predominant age group in Koroit is 50-59 years. Households in Koroit are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Koroit work in a trades occupation. In 2011, 78% of the homes in Koroit were owner-occupied compared with 77.9% in 2016.

Koroit has 1,283 properties. Over the last 5 years, Houses in Koroit have seen a 61.86% increase in median value, while Units have seen a 35.49% increase. As at 31 October 2024:

  • The median value for Houses in Koroit is $601,010 while the median value for Units is $418,675.
  • Houses have a median rent of $520.
There are currently 24 properties listed for sale, and 1 property listed for rent in Koroit on OnTheHouse. According to CoreLogic's data, 43 properties were sold in the past 12 months in Koroit.

Suburb Insights for Koroit 3282

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Martin Rivett
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Homeseeka Real Estate - Warrnambool
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.