Districts
SuburbsBlogSearch
|My DistrictsMy AreasSavedAlerts
Sign inGet started
Districts
SuburbsBlogSearch
|My DistrictsMy AreasSavedAlerts
Sign inGet started

VIC › Korumburra › Victoria St

1A Victoria St, Korumburra VIC 3950

For saleHouse for Sale

$540,000–$560,000

For sale

Asking range

3

Bedrooms

1

Bathrooms

2

Car spaces

1,081 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $540,000–$560,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $540,000–$560,000(Listing record · 27 Aug 2026)
  • FactLand 1,081 m²; no building size recorded.(Property record)
  • CalculationAsk is 10% below the Korumburra median recorded sale ($599,500, n=72, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Korumburra's advertised median rent ($446/wk), implied gross yield would be 4.29% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

The ask against the evidence

Asking

$540,000–$560,000

Asking range · $500/m² of land

No recorded sale for this property.

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.

See the full Korumburra report →

Vs Korumburra

-9.9%

Median sale

Suburb $599,500

+0.42 pp

Gross yield

Suburb 3.87%

Suburb median $599,500 from 72 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$540,000
Stamp Duty (Victoria)
$27,470
Transfer/Registration Fee
$1,368
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$572,538

$32,538 on top of the price (6.0% extra)

  • Stamp Duty (Victoria)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Based on the low end of the asking range, not a contract price.

Pre-filled with Korumburra's advertised median rent — not a rent for this listing.

Net yield
2.79%
Annual cashflow (pre-tax)
$-12,988
Interest cover (DSCR)
0.54
Annual rent
$23,192
Operating expenses
$8,100
Loan amount
$432,000
Annual interest
$28,080
Gross yield
4.29%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$540,000–$560,000available27 Aug 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

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.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 4.3%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

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.”

Read more

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

What is known for this property

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.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Korumburra in one glance

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.

See the full Korumburra report →

Keep researching

  • Why Korumburra? Read the area thesis →
  • What else is on the market in Korumburra →
  • Other records on Victoria St →

Listing material

Listed by Area Specialist Solutions

The Brief: A Hidden Piece of Korumburra History

Tucked away behind established gardens and beautiful silver birch trees, it is hard to believe this charming period home sits barely a minute's walk from the heart of Korumburra.

Set down from the road on an impressive 1,081m² allotment, 1A Victoria Street offers a combination becoming increasingly difficult to find: genuine period character, an enormous and remarkably private backyard, side laneway access and the convenience of having the main street, shops, cafés, library and community facilities virtually on your doorstep.

From the moment you approach the wraparound verandah, there's an undeniable sense of history about the home. Step inside and the main lounge immediately showcases some of its most beautiful original features, with soaring ceilings, pine-lined walls and a magnificent pressed tin ceiling creating a space full of warmth and personality. A fireplace provides a cosy focal point through winter, complemented by split system heating and cooling for everyday comfort.

Read the full description

The generous master bedroom is also positioned at the front of the home and enjoys plenty of natural light. Two further bedrooms provide comfortable accommodation, while a separate second living area offers valuable flexibility as a children's retreat, home office or relaxed sitting room.

Towards the rear, the open plan kitchen and dining area continues the home's relaxed country feel. The kitchen is simple and functional with an upright stainless steel gas stove, while a second solid fuel heater adds another touch of old-world charm and warmth.

The family bathroom is similarly straightforward and practical, before beautiful double French doors open onto the covered rear alfresco and reveal what is arguably one of the property's greatest surprises.

The backyard feels like a hidden garden in the middle of town. Private, established and incredibly spacious, there's room to enjoy it exactly as it is or gradually create something special of your own. Plant expansive gardens, establish veggie beds, create spaces for the children and pets or simply enjoy having more than a quarter of an acre right in central Korumburra.

Side laneway access provides another valuable dimension to the property, leading to a double garage/shed at the rear and offering excellent access into the backyard. The substantial 1,081m² allotment may also present potential for future development or further use of the land, subject of course to council approval.

Adding another intriguing chapter to the property's story is an underground concrete bunker in the backyard, locally rumoured to have been constructed as an air raid shelter during the Second World War. Whatever its true history, it's certainly a fascinating and unexpected feature.

Importantly, a number of significant improvements have already been undertaken over the years, including the home being fully restumped with new concrete stumps, along with pest and termite treatment and various other upgrades.

This isn't a home that needs to become something overnight. Move in and enjoy its warmth, space and character as it stands, or take your time bringing your own vision to life and creating the period home and gardens you've always imagined.

For those who appreciate old homes, established gardens and properties with a story to tell, 1A Victoria Street offers an increasingly rare opportunity. More than 1,000m² of land, wonderful privacy and character, all while being able to leave the car at home and walk to almost everything Korumburra has to offer.

Looking to buy, sell or rent in South Gippsland? Get in touch with your expert team today and call Jack Gilchrist on 0411 181 577 or Jassy Batrouney on 0428 294 388 or pop into our office at 8/43-49 Little Commercial Street, Korumburra.

Note: Every care has been taken to verify the accuracy of the details in this advertisement, however we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves of any pertinent matters.

Listing description written by Jack Gilchrist, Area Specialist Solutions — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Fully Fenced
  • Outdoor Entertaining
  • Shed
  • Workshop

Also look at

Also for sale in Korumburra

  • 42 Victoria St, Korumburra VIC 3950

    0-bed land for sale. Asking $349K.

    For sale
  • 12 Bourke St, Korumburra VIC 3950

    3-bed house for sale. Asking $440K.

    For sale
  • 3 Richard St, Korumburra VIC 3950

    3-bed house for sale. Asking $490K–$520K.

    For sale
  • 11 Mountain Ash Dr, Korumburra VIC 3950

    4-bed house for sale. Asking $679K.

    For sale
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

Research

  • Property search
  • Suburb profiles
  • Blog
  • Calculators
  • Follow suburbs
  • Sign in

Learn

  • How we use data
  • What's covered
  • Questions
  • Who it's for
  • Access

Company

  • About
  • Contact
  • support@districts.com.au

Legal

  • Privacy
  • Terms

© 2026 Districts

districts.com.au

Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.