OFF MARKET

1095 Korumburra-Wonthaggi Road
Kongwak VIC 3951

Bedrooms: 4
Bathrooms: 1
Car spaces: 3
Floor area: 125m2
Land area: 28900m2
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Property Details for 1095 Korumburra-Wonthaggi Rd, Kongwak

Building Type
Rural
Floor Size
125m2
Land Size
28900m2
Local Government
South Gippsland
Lot/Plan
1/PS519054

Last Listing description (November 2023)

PRICE REDUCED BY $75,000 - Opportunities like this don't come along very often. With views to the bay and beyond, this unique property of approx. 7 acres is a rarity. Steeped in history, "Bonnie Vale" today is a small part of the original 320 acres selected by George Matheson in 1883. For many years the temperate rain forest was painstakingly cleared for pastureland, with "Bonnie Vale" becoming one of the first butter and cheese producers in South Gippsland.
The current owner has been here for nearly 60 years. For those searching for small acreage or the serious hobby farmer this could be a dream come true. The large brick residence is more than comfortable consisting of four bedrooms, 3 with built-in robes, main lounge with Daikin split system heating and cooling, kitchen/dining with electric cooking and dishwasher, study nook and spacious laundry.
However, it's what is outside that will get your attention . . . a disused dairy, loading race and yards, well fenced paddocks, ample water supply serviced via wells, tanks and troughs plus extensive shedding including a carport, 6m x 9m lock-up garage, 8m x 10m lock-up machinery shed, 7m x 10m lock-up workshop and a 10m x 20m machinery shed/workshop.

This is a must-see property for those looking to secure a small acreage lifestyle opportunity. It is also perfect for truck and machinery storage with easy access from the road and high clearance into the sheds, there is also a lockable office/workspace.
Contact Scott from our Korumburra office today to arrange an inspection. Inspections strictly by appointment only.

Property History for 1095 Korumburra-Wonthaggi Rd, Kongwak, VIC 3951

A timeline of how this property has performed in the market
Last Sold
$900,000
07 Nov 2023
  • 07 Nov 2023
    Sold for $900,000
  • 19 May 2023
    Listed for Sale $920,000

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About Kongwak 3951

The size of Kongwak is approximately 37.4 square kilometres. It has 5 parks covering nearly 0.4% of total area. The population of Kongwak in 2011 was 388 people. By 2016 the population was 204 showing a population decline of 47.4% in the area during that time. The predominant age group in Kongwak is 60-69 years. Households in Kongwak are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Kongwak work in a managers occupation. In 2011, 82.2% of the homes in Kongwak were owner-occupied compared with 74.1% in 2016..

Kongwak has 149 properties. Over the last 5 years, Houses in Kongwak have seen a 177.06% increase in median value. As at 30 November 2024:

  • The median value for Houses in Kongwak is $1,043,219.
There are currently 2 properties listed for sale, and no properties listed for rent in Kongwak on OnTheHouse. According to CoreLogic's data, 1 property were sold in the past 12 months in Kongwak.

Suburb Insights for Kongwak 3951

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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.