1 Richard Street, Korumburra, VIC 3950 | Property Value & History | OnTheHouse
 
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1 Richard Street
Korumburra VIC 3950

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 101m2
Land area: 592m2
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Last updated 22 Dec 2025
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Property Details for 1 Richard St, Korumburra

1 Richard St, Korumburra is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 592m2 and floor size of 101m2. While the property is not currently for sale or for rent, it was last sold in January 2022.

Building Type
House
Floor Size
101m2
Land Size
592m2
Local Government
South Gippsland
Lot/Plan
1/TP897336

Last Listing description (February 2022)

Perfectly positioned adjacent to the Korumburra Recreation Reserve, this classic family home offers investors and first home buyers a perfect opportunity to get into the property market with two titles and potential subdivision potential down the track (STCA).

A traditional layout features a light-filled lounge at the front, flowing through into the dining room and to the functional kitchen at the rear, offering a walk-in pantry, gas cooking and plenty of storage.

Three huge bedrooms all have built in robes and are serviced by the neat and tidy family bathroom with walk-in shower and seperate toilet. There is a gas heater for winter, plus a split system heater/air conditioner.

The large, secure backyard features a powered single garage with concrete floor, a workshop and a carport providing covered access into the home. You will love the established gardens front and back, plus rear lane access.

This is a good old fashioned family home with lots of character and gorgeous floorboards under the carpet just ready and waiting to be polished. Whether you want to renovate or enjoy it exactly as it is, this property offers excellent value for money and won't be on the market for long...

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Property History for 1 Richard St, Korumburra, VIC 3950

A timeline of how this property has performed in the market
Last Sold
$420,000
14 Jan 2022
  • 14 Jan 2022
    Sold for $420,000
  • 09 Dec 2021
    Listed for Sale $430,000 - $470,000
  • 24 Oct 2010
    Transferred
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About Korumburra 3950

The size of Korumburra is approximately 59.9 square kilometres. It has 13 parks covering nearly 1.4% of total area. The population of Korumburra in 2016 was 4469 people. By 2021 the population was 4749 showing a population growth of 6.3% in the area during that time. The predominant age group in Korumburra is 60-69 years. Households in Korumburra are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Korumburra work in a trades occupation.In 2021, 77.10% of the homes in Korumburra were owner-occupied compared with 73.00% in 2016.

Korumburra has 3,121 properties. Over the last 5 years, Houses in Korumburra have seen a 38.36% increase in median value, while Units have seen a 55.72% increase. As at 30 November 2025:

  • The median value for Houses in Korumburra is $544,550 while the median value for Units is $455,663.
  • Houses have a median rent of $535 while Units have a median rent of $370.
There are currently 63 properties listed for sale, and 6 properties listed for rent in Korumburra on OnTheHouse. According to Cotality's data, 142 properties were sold in the past 12 months in Korumburra.

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© Copyright 2025. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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