51 Commercial Street, Korumburra, VIC 3950 sold on 05 June 2026 | OnTheHouse
SOLD
Sold on 05 Jun 2026 for $665,000

51 Commercial Street
Korumburra VIC 3950

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 368m2
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Property Details for 51 Commercial St, Korumburra

Building Type
Commercial
Land Size
368m2
Local Government
South Gippsland
Lot/Plan
1/TP434256

Last Listing description (June 2023)

Centrally located in the Main Street of Korumburra and set on approximate 365m2 with rear access. The Building offers large retail space, kitchenette/ lunch room and a large store area to the rear of the building. The ideal opportunity to establish a new retail business or if your looking to relocate and expand your existing business.
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Secure your new location today!

$350 per week plus $100 for all outgoings.

For all inspection please contact our office on 56581007

Property History for 51 Commercial St, Korumburra, VIC 3950

A timeline of how this property has performed in the market
Last Sold
$665,000
05 Jun 2026
Listed for Rent
$7/w
13 Jul 2022
  • 05 Jun 2026
    Sold for $665,000
  • 17 Jun 2022
    Listed for Rent - Price not available
  • 13 Feb 2020
    Listed for Rent $17,160 / year
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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 3,151 properties. Over the last 5 years, Houses in Korumburra have seen a 15.64% increase in median value, while Units have seen a 18.95% increase. As at 31 July 2026:

  • The median value for Houses in Korumburra is $587,582 while the median value for Units is $439,242.
  • Houses have a median rent of $480 while Units have a median rent of $370.
There are currently 57 properties listed for sale, and 3 properties listed for rent in Korumburra on OnTheHouse. According to Cotality's data, 136 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.