SOLD
Sold on 06 Aug 2024 for $265,000

42 Bridge Street
Korumburra VIC 3950

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Land area: 2285m2
Save

Property Details for 42 Bridge St, Korumburra

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.

Building Type
House
Land Size
2285m2
Local Government
South Gippsland
Lot/Plan
3/TP220267

Last Listing description (September 2024)

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.

Property History for 42 Bridge St, Korumburra, VIC 3950

A timeline of how this property has performed in the market
Last Sold
$265,000
06 Aug 2024
  • 06 Aug 2024
    Sold for $265,000
  • 23 May 2024
    Listed for Sale UNDER CONTRACT - $545,000 - $595,000
  • 18 Sep 2023
    Listed for Sale $565,000 - $620,000 PRICE DROP!
Sign in to see more transactions

Commute Calculator

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 101 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.

Suburb Insights for Korumburra 3950

Market Insights
Korumburra Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Korumburra Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.