OFF MARKET

8 Swanson Street
Korumburra VIC 3950

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 86m2
Land area: 538m2
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Property Details for 8 Swanson St, Korumburra

8 Swanson St, Korumburra is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1960. The property has a land size of 538m2 and floor size of 86m2. While the property is not currently for sale or for rent, it was last sold in April 2021.

Building Type
House
Year Built
1960
Floor Size
86m2
Land Size
538m2
Local Government
South Gippsland
Lot/Plan
74/LP50568

Last Listing description (April 2021)

This property is the perfect opportunity to get yourself into the housing market, it's the cheapest asking price for a house in Korumburra, so it's affordable buying at it's best. Three bedrooms, reverse cycle heat/air conditioning, electric oven & cooktop and a flat block of land which is rare in Korumburra. This could be your first home or rent it out and it would be a positive return for your money. (around $300 per week). A great opportunity not to be missed in these crazy times.

Property History for 8 Swanson St, Korumburra, VIC 3950

A timeline of how this property has performed in the market
Last Sold
$298,500
01 Apr 2021
  • 23 Apr 2021
    Listed for Sale $298,500
  • 01 Apr 2021
    Sold for $298,500
  • 11 Jul 2015
    Listed for Sale $169,000
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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.