OFF MARKET

475 Korumburra-Wonthaggi Road
Korumburra VIC 3950

Bedrooms: 3
Bathrooms: 2
Car spaces: 4
Floor area: 202m2
Land area: 18940m2
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Last updated 11 Nov 2024
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Property Details for 475 Korumburra-Wonthaggi Rd, Korumburra

475 Korumburra-Wonthaggi Rd, Korumburra is a 3 bedroom, 2 bathroom Unit with 4 parking spaces and was built in 1920. The property has a land size of 18940m2 and floor size of 202m2. While the property is not currently for sale or for rent, it was last sold in December 2021.

Building Type
Unit
Year Built
1920
Floor Size
202m2
Land Size
18940m2
Local Government
South Gippsland
Lot/Plan
1/LP206072

Last Listing description (March 2022)

This five acre approx. property with magnificent views, two dwellings and profitable business is the complete package!

Set well back from the road and surrounded by farmland, you will find the property offers magnificent views, quiet privacy and the opportunity for multiple income streams.

The main character filled home comprises of three large bedrooms with ensuite to master, warm and inviting kitchen which flows effortlessly into multiple living areas and home office. It features split system heating and cooling, electric fire to the spacious formal lounge with plenty of storage and granite benchtops throughout.

Outside there are plenty of quiet spots to sit and read throughout the established gardens with scattered fruit trees, or take in views of the rolling hills from the raised gazebo and BBQ area perfect for entertaining on those warm summer nights.

The separate granny flat, comprises of open plan living, a large kitchen with granite benchtop, two generous bedrooms with walk in robe to master, split system heating and cooling, a wraparound veranda for you to sit and take in the stunning views to the south towards Outtrim, Inverloch and the iconic Andersons Inlet and sits within a fully fenced yard.

Towards the rear of the property is the double carport to the main house and secure double garage. A semi enclosed 100x30 foot shed with power, internal office, kitchenette and storeroom plus a separate and permanent site office currently used for the existing business.

The unique and profitable business currently a going concern on the property has been in the family for over 100 years and is also for sale as package with the property, with all stock and machinery included. The current owners are willing to train the purchaser in all aspects of the business to ensure a smooth handover. For more information please enquire within.

Other property features include:
Outhouse and large storage room off the main house
1x 10,000 gallon water tank off the main house
2x 8,000 gallon water tanks off the second house
2x 8,000 gallon water tanks off the shed
1x small water tank for the garden
Cattle run for livestock
3x fenced paddocks for livestock

All this located just 3 minutes to Korumburra, 20 minutes to both Inverloch with its iconic beaches and lifestyle and Leongatha with all its amenities.
Inspection by private appointment only so call to book yours today!

Property History for 475 Korumburra-Wonthaggi Rd, Korumburra, VIC 3950

A timeline of how this property has performed in the market
Last Sold
$920,000
21 Dec 2021
Listed for Rent
$300/w
13 Aug 2020
  • 21 Dec 2021
    Sold for $920,000
  • 27 Jan 2021
    Listed for Sale $1,200,000
  • 17 Mar 2020
    Listed for Rent $300 / week
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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 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

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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.