OFF MARKET

35 Mine Road
Korumburra VIC 3950

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 1287m2
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Property Details for 35 Mine Rd, Korumburra

35 Mine Rd, Korumburra is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1965. The property has a land size of 1287m2. While the property is not currently for sale or for rent, it was last sold in October 2021.

Building Type
House
Year Built
1965
Land Size
1287m2
Local Government
South Gippsland
Lot/Plan
1/TP121352

Last Listing description (November 2021)

Situated on a huge block just a minutes walk from the main shopping strip, this neat and tidy vinyl clad home is currently tenanted to an excellent tenant and is ideal for savvy investors with genuine development potential with two lots on the title and rear lane access.

The home itself has been renovated with a modern kitchen and bathroom, stunning polished floorboards and a lovely grey and white colour scheme. Three bedrooms are all a good size, plus a built in robe to the master. Two Coonara's, a split system and ceiling fans keep the home comfortable all year round.

Stepping outside, the enormous block has a full length concrete driveway with endless off-street parking, a huge double garage/workshop, man-cave with potbelly heater and a small paddock at the rear with laneway access.

Buy now and land bank for later, with an excellent tenant in place to take care of the property for you until you decide to develop the land. Demolish the lot and build 4 units, split the block in half and build on the rear, the options are only limited to your imagination (and council approval, of course!)

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Property History for 35 Mine Rd, Korumburra, VIC 3950

A timeline of how this property has performed in the market
Last Sold
$505,000
27 Oct 2021
  • 27 Oct 2021
    Sold for $505,000
  • 07 Oct 2021
    Listed for Sale $480,000 - $520,000
  • 16 Aug 2013
    Sold for $230,000
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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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