OFF MARKET

7 Silkstone Road
Korumburra VIC 3950

Bedrooms: 3
Bathrooms: 1
Car spaces: 3
Floor area: 127m2
Land area: 952m2
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Last updated 30 Sep 2024
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Property Details for 7 Silkstone Rd, Korumburra

7 Silkstone Rd, Korumburra is a 3 bedroom, 1 bathroom House with 3 parking spaces and was built in 1950. The property has a land size of 952m2 and floor size of 127m2. While the property is not currently for sale or for rent, it was last sold in October 2021.

Building Type
House
Year Built
1950
Floor Size
127m2
Land Size
952m2
Local Government
South Gippsland
Lot/Plan
1/TP230994

Last Listing description (October 2021)

Built in the days when homes were built to last, this well maintained home sits on almost acre of land and includes three bedrooms, sunroom, separate large bungalow and plenty of sheds to accommodate anything you desire. When you enter the home you will feel as if it is your home. To the left is the main lounge with split system heating and cooling as well as a gas log fired heater. A sliding door separates the lounge from the dining and kitchen which features ample bench space, electric cooking, dishwasher and pantry. The home has been re-wired through, there are built-in robes to bedrooms 2 and 3, the bungalow includes full length storage cupboards and the bathroom provides a separate shower and bath. The property is currently tenanted at $320 per week with tenants willing to remain for an investor. Private inspections only by appointment with minimum 48 hours notice.

Property History for 7 Silkstone Rd, Korumburra, VIC 3950

A timeline of how this property has performed in the market
Last Sold
$452,000
07 Oct 2021
Listed for Rent
$320/w
08 Apr 2020
  • 07 Oct 2021
    Listed for Sale $465,000
  • 07 Oct 2021
    Sold for $452,000
  • 01 Apr 2020
    Listed for Rent $320 / 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 3,101 properties. Over the last 5 years, Houses in Korumburra have seen a 69.05% increase in median value, while Units have seen a 64.09% increase. As at 30 September 2024:

  • The median value for Houses in Korumburra is $559,191 while the median value for Units is $441,878.
  • Houses have a median rent of $450 while Units have a median rent of $365.
There are currently 103 properties listed for sale, and 3 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.