3/50 Princes Street, Korumburra, VIC 3950 | Property Value & History | OnTheHouse
OFF MARKET

3/50 Princes Street
Korumburra VIC 3950

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 119m2
Land area: 183m2
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Last updated 19 Oct 2026
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Property Details for 3/50 Princes St, Korumburra

3/50 Princes St, Korumburra is a 3 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 2011. The property has a land size of 183m2 and floor size of 119m2. While the property is not currently for sale or for rent, it was last sold in March 2020.

Building Type
Unit
Year Built
2011
Floor Size
119m2
Land Size
183m2
Local Government
South Gippsland
Lot/Plan
5/PS640585

Last Listing description (October 2026)

Tucked away in a quiet and private location, this beautifully presented three-bedroom unit offers a wonderful combination of comfort, practicality and low-maintenance living. Fresh, clean and inviting throughout, the home has benefited from modern updates, including brand-new carpet and fresh paint where needed, creating a lovely space ready to move straight into and enjoy. With the added advantage of a rare double garage and a peaceful setting, this appealing property is perfectly suited to downsizers, first-home buyers or investors seeking a quality, easy-care home.Inside, the home offers a light-filled and functional layout, with a spacious open-plan living and dining area flowing seamlessly through to the well-appointed kitchen. Featuring modern cabinetry, ample storage, gas cooking, electric oven and a practical breakfast bench, the kitchen provides everything needed for everyday living. Three comfortable bedrooms offer flexibility for guests, family or a home office, while the neat and modern semi-ensuite bathroom includes a separate shower and bath. Split-system heating and cooling ensures year-round comfort, while the fresh finishes and neutral tones throughout create a welcoming and homely feel.Outside, a sweet and private courtyard provides a lovely little retreat, complete with established greenery, a covered sitting area and an easy-care garden setting to enjoy without the upkeep of a larger property. Backing onto a laneway, the unit enjoys an additional sense of space and privacy, further enhancing its peaceful position. The standout feature is undoubtedly the rare double garage, offering excellent secure parking and storage, something not often found in unit living. Neat, practical and wonderfully low-maintenance, this is a fantastic opportunity to enjoy comfortable living in a quiet Korumburra location..

Property History for 3/50 Princes St, Korumburra, VIC 3950

A timeline of how this property has performed in the market
Last Sold
$328,000
11 Mar 2020
Listed for Rent
$300/w
21 Feb 2019
  • 12 Oct 2026
    Listed for Sale $440,000 - $460,000
  • 28 Jan 2025
    Listed for Sale $440,000 - $470,000
  • 11 Mar 2020
    Sold for $328,000
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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 3,150 properties. Over the last 5 years, Houses in Korumburra have seen a 16.02% increase in median value, while Units have seen a 22.34% increase. As at 30 September 2026:

  • The median value for Houses in Korumburra is $595,967 while the median value for Units is $429,492.
  • Houses have a median rent of $480 while Units have a median rent of $370.
There are currently 56 properties listed for sale, and 5 properties listed for rent in Korumburra on OnTheHouse. According to Cotality's data, 138 properties were sold in the past 12 months in Korumburra.

Suburb Insights for Korumburra 3950

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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.