SOLD
RECENT ADVICE
Sold on 06 Dec 2023 for $425,000

26 Petersen Street
Korumburra VIC 3950

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 732m2
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Property Details for 26 Petersen St, Korumburra

26 Petersen St, Korumburra is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 732m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 3 bedroom House sold in Korumburra in the last 12 months.

Building Type
House
Land Size
732m2

Last Listing description (December 2023)

If you’ve been looking for a well maintained investment property with a proven rental history, a reliable, long-term tenant and future subdivision potential, look no further than 26 Petersen Street, Korumburra.

Located on a generous 732m2 corner block with side access into the backyard, this charming cottage is privately set back from the road behind an established hedge. The home features a functional floorplan with 3 good sized bedrooms, 2 separate living areas and an updated family bathroom.

The main lounge at the front has a lovely fireplace to keep you warm in winter, as well as split system heating and cooling. The separate rumpus room at the rear is an ideal kids play room and flows straight out onto the new deck which enjoys a wonderful view of the rolling green hills.

A secure backyard has plenty of room for children and pets to play and has a large garden shed with concrete floor.This is an excellent opportunity to secure a reliable investment in a rapidly growing area and has a long-term tenant in place until September 2024 returning $20,280 p/a. Please allow 48 hours notice for inspections.

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 with any pertinent matters.

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Property History for 26 Petersen St, Korumburra, VIC 3950

A timeline of how this property has performed in the market
Last Sold
$425,000
06 Dec 2023
  • 21 Nov 2023
    Sold for $425,000
  • 10 Nov 2023
    Listed for Sale UNDER CONTRACT
  • 22 Mar 2021
    Listed for Sale $320,000 - $340,000
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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.

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