65 Princes Street, Korumburra, VIC 3950 | Property Value & History | OnTheHouse
OFF MARKET

65 Princes Street
Korumburra VIC 3950

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 55m2
Land area: 525m2
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Property Details for 65 Princes St, Korumburra

65 Princes St, Korumburra is a 2 bedroom, 1 bathroom House with 2 parking spaces and was built in 1930. The property has a land size of 525m2 and floor size of 55m2. While the property is not currently for sale or for rent, it was last sold in August 2023.

Building Type
House
Year Built
1930
Floor Size
55m2
Land Size
525m2
Local Government
South Gippsland
Lot/Plan
1/LP3565

Last Listing description (October 2023)

Privately set behind an established hedge and conveniently located within walking distance of all amenities, ?Princes Cottage? is one of the last remaining original-sized miner's cottages in Korumburra. Whether you?re looking for a weekender, a positive cashflow business or thinking of downsizing to a stunning country cottage, this one ticks all the boxes.

Step into a world of warmth and nostalgia as you enter this cosy abode, brimming with original charm. Currently operating as the highly successful 'Princes Cottage Korumburra' on Airbnb, this delightful home boasts almost 300 glowing five-star reviews and has generated an income of almost $40K in the last 12 months, an average return of $730 per week!

A classic covered veranda welcomes you to the property with a beautiful view of the rolling hills. Inside, you'll find two cosy bedrooms, providing a tranquil retreat for both you and your guests. The open lounge, kitchen, and dining area create a welcoming space to unwind and entertain. The kitchen is well-appointed with stone benchtops, stainless steel appliances, and a dishwasher, making cooking a breeze. Modern bathroom and laundry facilities offer practicality without compromising on style.

Step out to the covered porch at the rear and relish the privacy and serenity of this hidden oasis. The surrounding established cottage gardens and native trees evoke a sense of tranquillity and the backyard offers plenty of space for children and pets to play. Access to a large carport through the rear laneway ensures convenient parking for both owners and guests alike.

The sale includes the turnkey operation of 'Princes Cottage Korumburra,' fully furnished and ready to welcome guests from day one. Should you be looking to occupy the property yourself, vacant possession can be provided. Don't miss this opportunity ? whether you continue the flourishing Airbnb venture or decide to make it your private haven, 65 Princes Street is a treasure trove of potential.

Reach out now to secure this unique property and immerse yourself in the vibrant community of Korumburra.

Key Features:
? Rare and original-sized miner's cottage
? Private location with easy town access
? Successful 'Princes Cottage Korumburra' Airbnb
? Almost 300 five-star reviews
? $38,000 return in the last year
? Established business and fully furnished
? Two cozy bedrooms, a modern bathroom, and a laundry
? Covered porch and garden shed
? Private access to a huge carport via the rear laneway
? Delightful cottage gardens and established native trees

Looking to buy, sell or rent in Korumburra? Give your Area Specialist Jack Gilchrist a call or pop into our office at 100 Victoria 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 65 Princes St, Korumburra, VIC 3950

A timeline of how this property has performed in the market
Last Sold
$455,000
30 Aug 2023
Listed for Rent
$235/w
03 Jul 2018
  • 30 Aug 2023
    Sold for $455,000
  • 31 Jul 2023
    Listed for Sale Not Disclosed
  • 24 Jan 2019
    Sold for $235,000
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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 38.38% increase in median value, while Units have seen a 51.05% increase. As at 31 December 2025:

  • The median value for Houses in Korumburra is $565,281 while the median value for Units is $456,694.
  • Houses have a median rent of $500 while Units have a median rent of $370.
There are currently 61 properties listed for sale, and 6 properties listed for rent in Korumburra on OnTheHouse. According to Cotality's data, 148 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.