SOLD
Sold on 25 Jul 2024 for $300,000

3 Petersen Street
Korumburra VIC 3950

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 75m2
Land area: 665m2
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Property Details for 3 Petersen St, Korumburra

3 Petersen St, Korumburra is a 2 bedroom, 1 bathroom House and was built in 1950. The property has a land size of 665m2 and floor size of 75m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 2 bedroom House sold in Korumburra in the last 12 months.

Building Type
House
Year Built
1950
Floor Size
75m2
Land Size
665m2
Local Government
South Gippsland
Lot/Plan
94/LP50568

Last Listing description (September 2024)

Centrally located within an easy walking distance to schools and Korumburras main shopping strip, this solid little home has great bones and plenty of potential. Whether youre wanting an affordable first home or a solid and reliable investment, this is priced to sell and well worth your inspection.

Set on a spacious 652m2 block with side access, the home features a spacious lounge at the front with a built-in Coonara. The original kitchen has plenty of charm and offers plenty of storage space and a new electric stove. Beautiful hardwood floors throughout would polish up beautifully and there is plenty of natural light.

Two great-sized bedrooms are serviced by the functional family bathroom with shower over bath and separate toilet. A few big jobs have already been ticked off with a brand new roof, new switchboard, updated hot water system and boundary fencing is in good order.

This is the perfect project for a beginner renovator - give it a coat of paint, polish the floorboards and youll have a very liveable home. Get in touch to organise your private inspection and realise this property's true potential!

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 3 Petersen St, Korumburra, VIC 3950

A timeline of how this property has performed in the market
Last Sold
$300,000
25 Jul 2024
  • 25 Jul 2024
    Sold for $300,000
  • 17 May 2024
    Listed for Sale UNDER CONTRACT - $324,000
  • 11 Apr 2023
    Listed for Sale $395,000 - $420,000
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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 103 properties listed for sale, and 5 properties listed for rent in Korumburra on OnTheHouse. According to CoreLogic's data, 106 properties were sold in the past 12 months in Korumburra.

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