SOLD
RECENT ADVICE
Sold on 25 Sep 2023 for $110,000

123 Vernon Street
Korong Vale VIC 3520

Bedrooms: 2
Bathrooms: 1
Car spaces: 4
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Property Details for 123 Vernon St, Korong Vale

Building Type
Rural
Local Government
Loddon
Lot/Plan
1/TP393058

Last Listing description (September 2023)

* Two-bedroom weatherboard house.
* Plenty of sheds with main shed measuring 15m x 9m.
* Large ¼ acre block with rear lane access to property.

* Property has been priced for sale in "As Is" condition.

This Deceased Estate house needs plenty of work and is one for those who are up for a challenge. With large rooms and heaps of shedding, a good amount or work and love is required, however the end result will be rewarding.

The house structure is in place and having good rear access for building materials and vehicles to come and go, this property can be transformed to add instant value. If you are capable or have a group of mates that are tradies, this is a project worth considering.
Have you ever been watching The Block and thought "I could do that", then here is your opportunity, at very low cost, to give it a go and test your skills.

The beauty of this property is it's only a 300m walk to the Korong Vale Hotel for a feed and beer after a hard day's work. With demand for affordable property driving improved prices, the ability to make a few dollars and have some fun along the way is presented with this purchase.

Korong Vale is a small Rural Town with around 170 residents. It has a hotel, fire station and is located only 10 minutes from Wedderburn where there is 24 Karat Cafe, Hotel, Supermarket, Police, Doctor and Ambulance Services, Service Station, large Hardware Shop, Butcher, Chemist, Primary to Year 12 College, great sports facilities and a most impressive Museum. Korong Vale is a quiet, affordable town that enjoys being in close proximity to all of the amenities that one requires.

Property History for 123 Vernon St, Korong Vale, VIC 3520

A timeline of how this property has performed in the market
Last Sold
$110,000
25 Sep 2023
  • 27 Sep 2023
    Sold for $110,000
  • 14 Sep 2023
    Listed for Sale $120,000
  • 10 Feb 2023
    Transferred
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About Korong Vale 3520

The size of Korong Vale is approximately 27.3 square kilometres. It has 3 parks covering nearly 3.5% of total area. The population of Korong Vale in 2011 was 248 people. By 2016 the population was 154 showing a population decline of 37.9% in the area during that time. The predominant age group in Korong Vale is 50-59 years. Households in Korong Vale are primarily childless couples and are likely to be repaying $300 - $449 per month on mortgage repayments. In general, people in Korong Vale work in a managers occupation. In 2011, 88.2% of the homes in Korong Vale were owner-occupied compared with 79.8% in 2016.

Korong Vale has 208 properties. Over the last 5 years, Houses in Korong Vale have seen a 58.76% increase in median value. As at 31 July 2024:

  • The median value for Houses in Korong Vale is $219,308.
There are currently 4 properties listed for sale, and no properties listed for rent in Korong vale on OnTheHouse. According to CoreLogic's data, 13 properties were sold in the past 12 months in Korong vale.

Suburb Insights for Korong Vale 3520

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Chris Garlick
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Priority1 Property - Bendigo
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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.