42 Bridge St, Korumburra is a 3 bedroom, 1 bathroom House. The property has a land size of 2285m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 3 bedroom House sold in Korumburra in the last 12 months.
In a perfect location just 150m from Korumburras main street, this 2,285m2 parcel of land is comprised of three lots zoned Residential 1 and has a frontage to Bridge Street with side/rear access from Falconer Lane. The house at the front is on approx 845m2 with the back block approx 1440m2.
At the front of the property, there is a charming 3-bedroom cottage that has been recently freshened up with a coat of paint inside and out. Offering three large bedrooms, a spacious lounge and a galley kitchen at the rear, it is an ideal investment property with rental potential of $380pw.
The options here are endless live at the front and build your dream home at the rear, develop the whole lot and build 6-8 units (STCA) or simply landbank for the future. A large parcel such as this within close proximity to the township is simply impossible to find and this is worth your consideration.
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.
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:
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