OFF MARKET

1 Richard Street
Korumburra VIC 3950

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 101m2
Land area: 698m2
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Property Details for 1 Richard St, Korumburra

1 Richard St, Korumburra is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 698m2 and floor size of 101m2. While the property is not currently for sale or for rent, it was last sold in January 2022.

Building Type
House
Floor Size
101m2
Land Size
698m2
Local Government
South Gippsland
Lot/Plan
5/LP3856

Last Listing description (February 2022)

Perfectly positioned adjacent to the Korumburra Recreation Reserve, this classic family home offers investors and first home buyers a perfect opportunity to get into the property market with two titles and potential subdivision potential down the track (STCA).

A traditional layout features a light-filled lounge at the front, flowing through into the dining room and to the functional kitchen at the rear, offering a walk-in pantry, gas cooking and plenty of storage.

Three huge bedrooms all have built in robes and are serviced by the neat and tidy family bathroom with walk-in shower and seperate toilet. There is a gas heater for winter, plus a split system heater/air conditioner.

The large, secure backyard features a powered single garage with concrete floor, a workshop and a carport providing covered access into the home. You will love the established gardens front and back, plus rear lane access.

This is a good old fashioned family home with lots of character and gorgeous floorboards under the carpet just ready and waiting to be polished. Whether you want to renovate or enjoy it exactly as it is, this property offers excellent value for money and won't be on the market for long...

Property History for 1 Richard St, Korumburra, VIC 3950

A timeline of how this property has performed in the market
Last Sold
$420,000
14 Jan 2022
  • 14 Jan 2022
    Sold for $420,000
  • 09 Dec 2021
    Listed for Sale $430,000 - $470,000
  • 24 Oct 2010
    Transferred

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About Korumburra 3950

The size of Korumburra is approximately 59.9 square kilometres. It has 13 parks covering nearly 1.4% of total area. The population of Korumburra in 2011 was 4,374 people. By 2016 the population was 4,491 showing a population growth of 2.7% in the area during that time. The predominant age group in Korumburra is 60-69 years. Households in Korumburra are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Korumburra work in a trades occupation. In 2011, 74.2% of the homes in Korumburra were owner-occupied compared with 73% in 2016.

Korumburra has 3,101 properties. Over the last 5 years, Houses in Korumburra have seen a 69.05% increase in median value, while Units have seen a 64.09% increase. As at 30 September 2024:

  • The median value for Houses in Korumburra is $559,191 while the median value for Units is $441,878.
  • Houses have a median rent of $450 while Units have a median rent of $365.
There are currently 103 properties listed for sale, and 3 properties listed for rent in Korumburra on OnTheHouse. According to CoreLogic's data, 107 properties were sold in the past 12 months in Korumburra.

Suburb Insights for Korumburra 3950

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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.