23 Gibson StreetKorong Vale VIC 3520
Property Details for 23 Gibson St, Korong Vale
Last Listing description (October 2023)
This 1032 square metre (1/4 acre) allotment is level and accessible with Township Zone, enabling the possibility to build (S.T.C.A).
Situated within the country town and community of Korong Vale, which was in times gone by a vibrant railway town. Korong Vale is now a sleepy hamlet only 14 kilometres from the services and shopping area of Wedderburn. Boort is approximately 25 minutes? drive away and only 60 minutes into Bendigo CBD.
There is the opportunity to build on this allotment (S.T.C.A.) or possibly re-locate a residence (S.T.C.A). And there's always the tiny house option that's worth consideration. Sealed road access with a crossover in situ already; this allotment is ripe for the astute purchaser to secure and develop. Mains power and town water are available.
The town boasts an iconic and quintessential Aussie pub - great meals and cold beer just around the corner! Grab this opportunity while you can, these allotments don't come along very often.
Property History for 23 Gibson St, Korong Vale, VIC 3520
- 28 Sep 2023Sold for $46,500
- 14 Sep 2022Sold for $43,000
- 20 Oct 2021Sold for $40,000
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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 47.27% increase in median value. As at 31 October 2024:
- The median value for Houses in Korong Vale is $226,510.
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