OFF MARKET

3 Richard Street
Korumburra VIC 3950

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 94m2
Land area: 488m2
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Last updated 11 Nov 2024
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Property Details for 3 Richard St, Korumburra

3 Richard St, Korumburra is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1940. The property has a land size of 488m2 and floor size of 94m2. While the property is not currently for sale or for rent, it was last sold in October 2021.

Building Type
House
Year Built
1940
Floor Size
94m2
Land Size
488m2
Local Government
South Gippsland
Lot/Plan
1/LP3856

Last Listing description (November 2021)

Here we have a lovely 3-bedroom vinyl clad home on a corner block in a nice quiet street close to all conveniences.
Just a handy 5min walk to the main street supermarket/Schools etc. Walk over the other side of the road and you are in the Korumburra Cricket Club Recreation Reserve, ideal for that early morning run before work!!
The bedrooms are all a good size, all carpeted with exception of one which has polished a floor.

Heating is by 2 reverse cycles one in the lounge area and the other in the kitchen which spreads throughout the home.
Outside is a good size private backyard with a garage 10mts x 10mts with automatic door and access to Nuttall Street.
This is a really good first home buyers or investment property. On a rental return you would be looking at $250-$275 P/W.
This is certainly a home worth consideration as you will find it ticks a lot of boxes.

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Property History for 3 Richard St, Korumburra, VIC 3950

A timeline of how this property has performed in the market
Last Sold
$420,000
13 Oct 2021
Listed for Rent
$250/w
30 May 2017
  • 13 Oct 2021
    Sold for $420,000
  • 01 Oct 2021
    Listed for Sale $429,000
  • 19 Feb 2021
    Sold for $319,000
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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 100 properties listed for sale, and 5 properties listed for rent in Korumburra on OnTheHouse. According to CoreLogic's data, 107 properties were sold in the past 12 months in Korumburra.

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