4/8 Ruddville AvenueKorumburra VIC 3950
Property Details for 4/8 Ruddville Ave, Korumburra
4/8 Ruddville Ave, Korumburra is a 5 bedroom, 4 bathroom Unit with 1 parking spaces and was built in 1978. The property has a land size of 1124m2.
Last Listing description (January 2025)
For the first time in 15 years a unique opportunity presents itself for the investor to consider.
Offering a current return of $800 per week, here is your chance to grow your portfolio and reap the rewards of nearly an 8.5% return.
This cluster of 4 connected, but individual, units are located on the edge of the Korumburra township, within walking distance to the main street, and have consistently provided a good income source to the current owner.
All units feature gas wall furnace heating, gas cooking and gas hot water with natural gas connected to each unit. The complex comprises of:
Unit 1 - One bedroom ($190pw),
Unit 2 - One bedroom ($195pw),
Unit 3 - One bedroom ($195pw),
Unit 4 - Two bedrooms ($220pw).
(48 hours minimum notice required to arrange an inspection).
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 4/8 Ruddville Ave, Korumburra, VIC 3950
- 21 Nov 2024Listed for Sale $495,000
Recent sales nearby
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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 3,152 properties. Over the last 5 years, Houses in Korumburra have seen a 14.87% increase in median value, while Units have seen a 22.95% increase. As at 31 August 2026:
- The median value for Houses in Korumburra is $585,495 while the median value for Units is $435,021.
- Houses have a median rent of $480 while Units have a median rent of $370.
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