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 › Scott And Faheys Rd
$960,000
Last sold
23 Sept 2024
3
Bedrooms
1
Bathrooms
10
Car spaces
9,865 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
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
$960,000
23 Sept 2024 · derived via latest_sale
Local land rate: recorded House sales in Korumburra (last 5 years) with land size have a median of $707/m² of land (n=125). 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.
Vs Korumburra
+60.1%
Median sale
Suburb $599,500
-1.45 pp
Gross yield
Suburb 3.87%
Suburb median $599,500 from 72 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
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
VICPlanning 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.
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
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.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
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?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). 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
UnknownDevelopment applications have not been queried 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 Area Specialist SolutionsTucked away on the outskirts of the Korumburra township and surrounded by quality acreage properties, this gem sits on just under 2.5 acres and includes a beautifully renovated home with an impressive list of inclusions and one of the best sheds we’ve ever seen! The presentation of this property is truly second to none and your inspection will not disappoint.
Set back from the road behind quality post and rail fencing, the home has been completely rejuvenated (with no expense spared) to create a comfortable, functional and stylish retreat. The main lounge and dining area showcases soaring vaulted ceilings and flows directly into the stunning new kitchen. With top of the range black stainless steel appliances, induction cooktop, porcelain farmhouse sink, soft close cabinetry, instant boiling/filtered cold water and a huge walk-in pantry with barn door, this really is impressive.
Each room of the home is zoned and individually climate controlled via. a ducted reverse cycle system, easily controlled from the wall-mounted tablet or via your smartphone to guarantee your comfort year-round. Three comfortable bedrooms are serviced by the functional family bathroom, with a separate toilet off the laundry. Those who love to entertain will enjoy spending time on the covered rear alfresco area, overlooking the backyard and the paddocks in the distance.
Now for the star of the show…. If you’ve been considering running your business from home, or maybe you’ve just got a few toys you want to store and work on securely, you won’t get much better than this. At the front of the property, you have an enormous 9m x 18m shed, completely insulated and dust proof with spray foam insulation, lined walls, a 150mm thick burnished concrete slab, 3.6m clearance roller door, three phase power, 22m2 mezzanine and 5000L water tank, all fully climate controlled with a 9.5kw split system. To ensure the big shed is strictly for the fun stuff, there is a secondary 6m x 12m shed at the rear of the property with 15 amp power and remote roller door, plus a 4m x 2m garden shed and two shipping containers. The entire property is secured with an extensive CCTV and alarm system, giving you complete peace of mind wherever you are.
The list of extras and inclusions here are endless… the home has a new Colourbond roof with bubble insulation, a 7500w generator provides backup power in the event of an outage and wireless NBN is ideal for those who work from home. The large back paddock is ideal for those with a few horses or sheep to truly enjoy country living, and all just a few minutes drive from the main township with all amenities at your fingertips.
This property must be seen to truly appreciate the care and thought that has gone into creating such a perfect rural retreat. If you’ve been waiting for a sign to make the move to regional Victoria, this is it! Give us a call today to schedule a private inspection – we assure you that you will not be disappointed.
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.
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