OFF MARKET

81 Mine Road
Korumburra VIC 3950

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Land area: 1106m2
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Property Details for 81 Mine Rd, Korumburra

81 Mine Rd, Korumburra is a 3 bedroom, 2 bathroom House with 1 parking spaces. The property has a land size of 1106m2. While the property is not currently for sale or for rent, it was last sold in May 2004.

Building Type
House
Land Size
1106m2
Local Government
South Gippsland
Lot/Plan
28~A/PP5434

Last Listing description (October 2014)

INVESTORS ONLY NEED APPLY!
This home has been put on the market for the prudent investor only. The current Owners are not moving out and will offer to lease back @ $230 per week. They love the house so much they are not moving, so if you are a smart investor this home is perfect for you. The home has been re-stumped, re-wired, 2 x new natural gas heaters, ducted gas heating, reverse cycle heat/air conditioner, new hot water system, re-clad, 2 bedrooms plus fully self contained sleepout, great rear deck of the sunroom with some magnificent views of the country, 2 sheds including a wonderful workshop. This home is a great investment opportunity.
Additional feature/s - Natural Gas & Views.

Property History for 81 Mine Rd, Korumburra, VIC 3950

A timeline of how this property has performed in the market
Last Sold
$95,000
31 May 2004
  • 04 Oct 2011
    Listed for Sale $220,000
  • 31 May 2004
    Sold for $95,000
  • 13 May 2003
    Sold for $78,000
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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 3,102 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

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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.