OFF MARKET

50 Mine Road
Korumburra VIC 3950

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 752m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 11 Nov 2024
Low

High
Save

Property Details for 50 Mine Rd, Korumburra

50 Mine Rd, Korumburra is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 752m2. While the property is not currently for sale or for rent, it was last sold in June 2017.

Building Type
House
Land Size
752m2
Local Government
South Gippsland
Lot/Plan
1/TP429962

Last Listing description (January 2019)

Positioned in a great part of town on an attractive corner block this property ticks the boxes.
With 2 separate titles, this property is perfect for adding another house/unit (S.T.C.A) on the corner beside the existing home.

The current owner has undertaken a major makeover and the list of improvements is impressive. There is a new kitchen with new appliances featuring natural gas hot plates, electric oven, dishwasher and rangehood. The bathroom has been renovated with a new shower recess, vanity etc The home has been repainted inside and out and the electrical and plumbing has been upgraded. The home comprises 3 bedrooms, lounge, kitchen, dining area, bathroom, separate second toilet and good sized laundry.

Externally there is a carport handy to the front entry, a second off Street parking area (accessed from Princess St), a good sized storage shed/workshop and a 3m x 3m garden shed all sitting on good sized block of land with plenty of room. This home will be very attractive to a first home buyer, someone looking for a low maintenance rental property or a developer wishing to construct a second dwelling or extend the current home.
Close to schools, walk to IGA supermarket and main street plus good views of countryside - Well worth a look.

Property History for 50 Mine Rd, Korumburra, VIC 3950

A timeline of how this property has performed in the market
Last Sold
$210,000
28 Jun 2017
Listed for Rent
$240/w
11 Jul 2016
  • 28 Jun 2017
    Sold for $210,000
  • 10 Nov 2016
    Listed for Sale $235,000
  • 20 May 2016
    Listed for Rent - Price not available
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 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.

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.