OFF MARKET

1 Spring Street
Korumburra VIC 3950

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 69m2
Land area: 760m2
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Property Details for 1 Spring St, Korumburra

1 Spring St, Korumburra is a 2 bedroom, 1 bathroom House with 2 parking spaces and was built in 1960. The property has a land size of 760m2 and floor size of 69m2. While the property is not currently for sale or for rent, it was last sold in March 2023.

Building Type
House
Year Built
1960
Floor Size
69m2
Land Size
760m2
Local Government
South Gippsland
Lot/Plan
2/LP22879

Last Listing description (April 2023)

Korumburra's most affordable home!
Be quick to snap up this two-bedroom starter family home suitable for all investors, first home buyers and renovators/developers. Positioned in an ideal, peaceful location with views of the nearby rolling hills and sitting on a generous 760m2 block, this cottage has amazing potential and character.

The home features lots of natural light, spacious lounge with floating floorboards, timber flooring throughout the bedrooms and tiles to the kitchen and meals area. The kitchen offers an electric cook top and oven, with dishlex dishwasher, ample cupboard space, central bathroom with separate toilet, good sized laundry and best of all, a great sized backyard with established quaint cottage gardens.

Further improvements can be made to the existing footprint of the studio as well as the side access to the large double garage.

Extras throughout the home include electric heating, electric HWS, BIR's to all bedrooms, and good linen storage.

With very easy access to your daily needs, just a short stroll to the township of Korumburra and local schools including Primary and Secondary.

This property will not be on the market long!!! To secure this one-off opportunity please contact Melissa Weekes on 0409 247 881 or Marius Tekin on 0425 853 055 from Unlock Real Estate to arrange an immediate inspection.

Property History for 1 Spring St, Korumburra, VIC 3950

A timeline of how this property has performed in the market
Last Sold
$390,000
22 Mar 2023
  • 22 Mar 2023
    Sold for $390,000
  • 03 Feb 2023
    Listed for Sale $419,000
  • 04 Mar 2022
    Sold for $435,000
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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 3,102 properties. Over the last 5 years, Houses in Korumburra have seen a 65.12% increase in median value, while Units have seen a 66.00% increase. As at 31 October 2024:

  • The median value for Houses in Korumburra is $559,633 while the median value for Units is $443,273.
  • Houses have a median rent of $440 while Units have a median rent of $375.
There are currently 98 properties listed for sale, and 4 properties listed for rent in Korumburra on OnTheHouse. According to CoreLogic's data, 105 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.