Korumburra at a glance
4,851
People
$599,500
Median sale
$446/wk
Median rent
3.87%
Suburb gross yield
Median sale from 72 recorded sales (last 12 months) — a Districts calculation.
VIC › Korumburra › Miles Ct
4
Bedrooms
1
Bathrooms
10
Car spaces
10,100 m²
Land
Districts View
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
No recorded sale price for this property yet.
Local land rate: recorded Rural Property sales in Korumburra (last 5 years) with land size have a median of $48/m² of land (n=7). Districts calculation from recorded sales — not a valuation.
Korumburra at a glance
4,851
People
$599,500
Median sale
$446/wk
Median rent
3.87%
Suburb gross yield
Median sale from 72 recorded sales (last 12 months) — a Districts calculation.
Planning
Planning scheme
ZN
Zone
RURAL LIVING ZONE - SCHEDULE 1
RLZ1
Jurisdiction
South Gippsland
South Gippsland, VIC
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICZoned RURAL LIVING ZONE - SCHEDULE 1 · RLZ1 (ZN). Official parcel area about 14,506 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Minimum lot size is not loaded, so two-lot subdivision is not confirmed. Official parcel about 14,506 m² — land size can look like optionality. What reduces it: EROSION MANAGEMENT OVERLAY - SCHEDULE 1. Coastal or erosion overlay is a finance and insurance screen, not a view amenity. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $446/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
3 of 10 questions answered so far
Development optionality of this lot
KnownmediumZoned RURAL LIVING ZONE - SCHEDULE 1 · RLZ1 (ZN). Official parcel area about 14,506 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
KnownlowOfficial parcel about 14,506 m² — land size can look like optionality. What reduces it: EROSION MANAGEMENT OVERLAY - SCHEDULE 1. Coastal or erosion overlay is a finance and insurance screen, not a view amenity.
Lot-level flood
UnknownFlood overlay has not been queried for this lot. Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownNo DA adapter returned applications for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Korumburra at a glance
4,851
People
$599,500
Median sale
$446/wk
Median rent
3.87%
Suburb gross yield
Median sale from 72 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Barry Plant KorumburraFor those who see potential.
For those who value character.
For those who dream of creating something truly personal.
Set on approximately 2.5 acres of peaceful countryside in a private court, this original 1930s Australiana-style cottage - thoughtfully extended around 20 years ago - offers the perfect canvas for buyers ready to craft their own rural retreat.
The Home:
Soaring 10-foot ceilings throughout
Four large bedrooms
Central bathroom with spa
Mudroom/laundry, ideal for country living
Additional sitting room plus a separate living room
Extensive charming verandah, perfect for relaxing and enjoying picturesque rural views
The open-plan kitchen, dining, and family zone forms the true heart of the home, complete with a wood heater for cosy winter evenings.
The spacious kitchen boasts a 900mm stove/oven and generous bench space - functional as is, yet full of potential for transformation.
Authentic Australiana character features remain throughout, from timber detailing to classic layout, offering beautiful bones for restoration, enhancement, or a creative modern update.
The Land & Infrastructure:
Two large paddocks
Expansive machinery shed
Carport and garage
Tranquil rural outlooks in every direction
Whether your vision includes gardens, animals, hobby farming, or simply enjoying space and serenity, the groundwork is already in place.
The Lifestyle
While the property feels like a private country oasis, it's conveniently located minutes from the town centre, schools, cafés, restaurants, and medical facilities, providing the perfect balance of seclusion and convenience.
The Opportunity:
This is a rare chance for those who appreciate authenticity, want to add value, or dream of shaping a home that reflects their own style and story.
A property with soul, space, and Australiana charm - ready for its next custodian.
For more information or to arrange a private inspection, please contact Marius on 0425 853 055
Listing description written by Marius Tekin, Barry Plant Korumburra — reproduced as published, not verified by Districts.