21 Mine RoadKorumburra VIC 3950
Property Details for 21 Mine Rd, Korumburra
21 Mine Rd, Korumburra is a 1 bedroom, 1 bathroom House. The property has a land size of 445m2. While the property is not currently for sale or for rent, it was last sold in March 2025.
Last Listing description (April 2025)
NEW PRICE . . . This mixed use zoned property is situated in a high-profile location with optimal exposure with lots of through traffic. Currently leased to long-term tenants, (the tenants have recently taken up a 2 year option from 20/12/2024 to 20/12/2026. The lease does allow for rent reviews every 12 months as the lease goes forward. The rental amount will increase to $18,200 per annum ($350 per week) from December 21, 2024 (currently $300 per week).
The building consists of a shopfront with showroom space, split level display space or storage plus a sizeable kitchen-dining area and provision for a bedroom and a bathroom to be reinstated at the rear of the premises.
The block is 445.1m2 and boasts yard space and handy rear lane access. There is easy, adequate parking at the front as well as in a side street and at the back.
Inspection by appointment only on days of opening only.
Sun & Mon: Closed
Tue-Fri: 12pm 6pm
Sat: 10am 1pm
Disclaimer: Whilst every care has been taken in preparing the above information, it is to be used as a guide only. Please refer to the appropriate legal documentation to complete your due diligence.
Property History for 21 Mine Rd, Korumburra, VIC 3950
- 01 Mar 2025Sold for $327,000
- 24 Feb 2025Listed for Sale $350,000
- 03 Feb 2023Listed for Sale $350,000
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About Korumburra 3950
The size of Korumburra is approximately 59.9 square kilometres. There are 13 parks, covering nearly 1.4% of the 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 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.
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