294 Lake View Rd, Koroit is a 5 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 5054m2. While the property is not currently for sale or for rent, it was last sold in June 2008.
A GREAT VIEW WITH DEVELOPMENT POTENTIAL
4 Bedroom + study brick veneer home set on a 5005m2 block in Koroit with amazing views into the crater of Tower Hill and beyond to the sea. Heaps of potential in that the block (zoned residential 1) could be subdivided further (S.T.C.A) and boasts 2 street frontages. Either a great family home with plenty of space or a property to develop and tap in on its potential.
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:
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