OFF MARKET

16 Bourke Street
Korumburra VIC 3950

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Land area: 474m2
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Property Details for 16 Bourke St, Korumburra

16 Bourke St, Korumburra is a 3 bedroom, 1 bathroom House. The property has a land size of 474m2. While the property is not currently for sale or for rent, it was last sold in July 2023.

Building Type
House
Land Size
474m2
Local Government
South Gippsland
Lot/Plan
1/PS604816

Last Listing description (September 2023)

ITS ADDRESSED
If you?ve been looking for an affordable, low-maintenance first home or investment property, look no further than 16 Bourke Street, Korumburra.

Ideally located just a short stroll to the main street, this beautifully presented double brick duplex has a spacious and functional floorplan, plenty of charm and the most magnificent views of the rolling hills.

Set on a separately titled 474m? block with no body corporate fees, the home has recently been updated with new floor coverings, a fresh coat of paint and twin roller blinds throughout. You?ll be comfortable year-round with split system heating/cooling.

At the front of the home, you?ll find the north-facing living room with beautiful polished timber floors and a wide hallway leading you into the central kitchen and dining area with an electric upright stove. Three great-sized bedrooms are serviced by the central family bathroom, plus you?ve got a study at the rear ideal for those working from home.

Stepping outside, the securely fenced backyard is an impressive size with ample space for children and pets to enjoy, shaded by lovely established trees. There is a solid garden shed for storage plus a full-length concrete driveway with plenty of off-street parking.

Value for money here is second to none and this is perfectly suited to those wanting a set-and-forget investment property with an expected rental return of $380pw. This home is well presented, well priced and ready to move straight in ? act fast on this one as it won?t be around for long!

Looking to buy, sell or rent in Korumburra? Give your Area Specialist Jack Gilchrist a call or pop into our office at 100 Victoria Street, Korumburra.

Note: Every care has been taken to verify the accuracy of the details in this advertisement, however, we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves of any pertinent matters.

Property History for 16 Bourke St, Korumburra, VIC 3950

A timeline of how this property has performed in the market
Last Sold
$365,000
28 Jul 2023
Listed for Rent
$220/w
20 Feb 2008
  • 28 Jul 2023
    Sold for $365,000
  • 10 Nov 2022
    Listed for Sale $429,000
  • 31 Aug 2018
    Sold for $200,000
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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 3,105 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 104 properties listed for sale, and 6 properties listed for rent in Korumburra on OnTheHouse. According to CoreLogic's data, 108 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.