123 Vernon StreetKorong Vale VIC 3520
Property Details for 123 Vernon St, Korong Vale
Last Listing description (June 2025)
* Two-bedroom weatherboard house.
* Plenty of sheds with main shed measuring 15m x 9m.
* Large acre block with rear lane access to property.
This Deceased Estate house needs plenty of work and is one for those who are up for a challenge. With large rooms and heaps of shedding, a good amount or work and love is required, however the end result will be rewarding.
The house structure is in place and having good rear access for building materials and vehicles to come and go, this property can be transformed to add instant value. If you are capable or have a group of mates that are tradies, this is a project worth considering.
Have you ever been watching The Block and thought "I could do that", then here is your opportunity, at very low cost, to give it a go and test your skills.
The beauty of this property is it's only a 300m walk to the Korong Vale Hotel for a feed and beer after a hard day's work. With demand for affordable property driving improved prices, the ability to make a few dollars and have some fun along the way is presented with this purchase.
Korong Vale is a small Rural Town with around 170 residents. It has a hotel, fire station and is located only 10 minutes from Wedderburn where there is 24 Karat Cafe, Hotel, Supermarket, Police, Doctor and Ambulance Services, Service Station, large Hardware Shop, Butcher, Chemist, Primary to Year 12 College, great sports facilities and a most impressive Museum. Korong Vale is a quiet, affordable town that enjoys being in close proximity to all of the amenities that one requires.
Property History for 123 Vernon St, Korong Vale, VIC 3520
- 28 Sep 2023Listed for Sale $120,000
- 27 Sep 2023Sold for $110,000
- 10 Feb 2023Transferred
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About Korong Vale 3520
The size of Korong Vale is approximately 27.3 square kilometres. There are 3 parks, covering nearly 3.5% of the total area. The population of Korong Vale in 2016 was 168 people. By 2021 the population was 143 showing a population decline of 14.9% in the area during that time. The predominant age group in Korong Vale is 60-69 years. Households in Korong Vale are primarily childless couples and are likely to be repaying $600 - $799 per month on mortgage repayments. In general, people in Korong Vale work in a labourer occupation.In 2021, 85.70% of the homes in Korong Vale were owner-occupied compared with 79.80% in 2016.
Korong Vale has 215 properties. Over the last 5 years, Houses in Korong Vale have seen a 66.93% increase in median value. As at 30 June 2026:
- The median value for Houses in Korong Vale is $297,418.
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