18 Mine RoadKorumburra VIC 3950
Property Details for 18 Mine Rd, Korumburra
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.
Property History for 18 Mine Rd, Korumburra, VIC 3950
- 03 Apr 2024Sold for $265,000
- 20 Oct 2022Listed for Sale $255,000 - 270000
- 28 Jun 2018Sold 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 3,102 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.
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