20 Macqueen Avenue, Korumburra, VIC 3950 sold on 13 May 2026 | OnTheHouse
SOLD
RECENT ADVICE
Sold on 13 May 2026 for $355,000

20 Macqueen Avenue
Korumburra VIC 3950

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Land area: 734m2
Sold By
agent headshot
Area Specialist Solutions
Save

Property Details for 20 Macqueen Ave, Korumburra

20 Macqueen Ave, Korumburra is a 3 bedroom, 1 bathroom House. The property has a land size of 734m2. While the property is not currently for sale or for rent, it was last sold in May 2026. There are other 3 bedroom House sold in Korumburra in the last 12 months.

Building Type
House
Land Size
734m2
Local Government
South Gippsland
Lot/Plan
7/LP22879

Last Listing description (May 2026)

Positioned in a convenient central location within easy reach of Korumburras shops, schools and everyday amenities, this original three-bedroom weatherboard home presents a rare opportunity for those not afraid of a serious renovation project.

Set on a generous 734m block, the property offers excellent potential for redevelopment or possible subdivision (STCA), with the added benefit of rear lane access and wide side access providing flexibility for future improvements, vehicle access or potential development.

The home itself is very much a project - and we mean a real one. It will require significant work and is certainly not for the faint-hearted, but for the right buyer the upside could be well worth the effort.

Inside, the layout comprises three decent-sized bedrooms, two of which include wardrobes, along with a large front lounge featuring the original brick open fireplace. A combined kitchen and meals area sits toward the rear of the home with a functional electric upright stove, while the bathroom was updated within the last decade and includes disability access. A separate toilet is located at the rear of the home.

While the property clearly needs considerable attention, the bones appear surprisingly solid. The roof looks to be in reasonable order, aluminium windows are installed throughout, and the floors feel firm underfoot. With a bit of luck and a lot of elbow grease, you may even uncover beautiful timber floorboards hiding beneath the carpet.

Lets just say the home has developed a little character over time, and those with a keen eye may notice a touch of mould here and there, but think of it as the house politely encouraging you to get started on the renovation sooner rather than later.

Outside, the property includes sundry shedding in the backyard, plenty of open space for improvement, and a front ramp providing easy access to the home.

Whether youre chasing your next renovation project, looking for a potential flip, or simply wanting to secure an affordable entry into the property market, opportunities like this in such a central Korumburra location are becoming increasingly hard to find.

This property must be sold via an Expressions of Interest campaign, with all offers to be submitted in writing by 5:00pm on Monday 13th April 2026. Please note the property cannot be sold prior. The property is being sold as inspected and the purchaser must conduct their own due diligence prior to submitting an offer.

Terms: 10% deposit, settlement within 60 days.

Roll up your sleeves because this one is going to take some work, but for buyers with vision and determination, the rewards could be substantial.

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.

Property History for 20 Macqueen Ave, Korumburra, VIC 3950

A timeline of how this property has performed in the market
Last Sold
$355,000
13 May 2026
  • 13 May 2026
    Sold for $355,000
  • 16 Mar 2026
    Listed for Sale UNDER CONTRACT - $290,000 - $319,000
Commute Calculator

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 3,119 properties. Over the last 5 years, Houses in Korumburra have seen a 17.06% increase in median value, while Units have seen a 36.82% increase. As at 30 April 2026:

  • The median value for Houses in Korumburra is $555,708 while the median value for Units is $469,947.
  • Houses have a median rent of $488 while Units have a median rent of $370.
There are currently 59 properties listed for sale, and 6 properties listed for rent in Korumburra on OnTheHouse. According to Cotality's data, 144 properties were sold in the past 12 months in Korumburra.

Suburb Insights for Korumburra 3950

Market Insights
Korumburra Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Korumburra Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.