An idealistic opportunity to secure 3 acres in the popular township of Koroit. Situated on the edge of the central pocket of Koroit, bordering the ever popular rail trail, this three bedroom home may need some additional renovations but offers a rare opportunity for its next owner. The property has had a number of updates, with new kitchen and appliances, updated bathroom and laundry and even a secondary toilet. A large alfresco deck area, overlooking the rural aspect of the block. Ideal for that rural lifestyle, a few sheep, shedding or just space for a veggie garden and a few fruit trees. There is no secret that additional works are required to add the finishing touches to this home but with a solid foundation, pick your own floor coverings and paint colors. The property includes a double garage, wood fireplace, updated switchboard and solar panels. A blank canvas of sorts, easily turned into an ideal family home, rental property or even potential subdivision and development opportunities for the lucky next owner. Going to Auction Saturday 9 August with short settlement options preferred, the owners are motivated to see a result under the hammer!
The size of Koroit is approximately 42.0 square kilometres. It has 2 parks covering nearly 0.6% of total area. The population of Koroit in 2016 was 2055 people. By 2021 the population was 2184 showing a population growth of 6.3% in the area during that time. The predominant age group in Koroit is 60-69 years. Households in Koroit are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Koroit work in a professional occupation.In 2021, 79.40% of the homes in Koroit were owner-occupied compared with 77.90% in 2016.
Koroit has 1,302 properties. Over the last 5 years, Houses in Koroit have seen a 40.02% increase in median value, while Units have seen a 27.84% increase. As at 31 December 2025:
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