SOLD
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Sold on 11 Apr 2024 for $265,000

18 Mine Road
Korumburra VIC 3950

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 689m2
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Property Details for 18 Mine Rd, Korumburra

Building Type
Land
Land Size
689m2

Last Listing description (April 2024)

Occupying a prominent position with frontage to the South Gippsland Highway, this vacant block is one of the last few left in Korumburra’s CBD and offers endless opportunities for future development.

Set right next door to the Korumburra Primary School with side access from John Street and rear access from Stirling Lane, the 689m² block includes two separate titles which could be realigned (STCA).

Zoned Mixed Use (MUZ), there is a range of options that could be explored - the South Gippsland Shire Council planning strategy allows for a range of residential, commercial, and industrial uses and for housing at higher densities.

Build a home and commercial premises in one, develop them into two or more units or use it as a new location for your business in a great location with plenty of exposure – the choice is yours! Get in touch today for more information.

Looking to buy, sell or rent in South Gippsland? Get in touch with your expert team today and call Jack Gilchrist on 0411 181 577 or Jassy Batrouney on 0428 294 388 or pop into our office at 8/43-49 Little Commercial 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.

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Property History for 18 Mine Rd, Korumburra, VIC 3950

A timeline of how this property has performed in the market
Last Sold
$265,000
11 Apr 2024
  • 03 Apr 2024
    Sold for $265,000
  • 20 Oct 2022
    Listed for Sale $255,000 - 270000
  • 28 Jun 2018
    Sold for $150,000
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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 3,103 properties. Over the last 5 years, Houses in Korumburra have seen a 73.74% increase in median value, while Units have seen a 61.68% increase. As at 30 November 2024:

  • The median value for Houses in Korumburra is $574,019 while the median value for Units is $441,594.
  • Houses have a median rent of $440 while Units have a median rent of $375.
There are currently 101 properties listed for sale, and 5 properties listed for rent in Korumburra on OnTheHouse. According to CoreLogic's data, 104 properties were sold in the past 12 months in Korumburra.

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