8 Melville Avenue, Korumburra, VIC 3950 | Property Value & History | OnTheHouse
OFF MARKET

8 Melville Avenue
Korumburra VIC 3950

Bedrooms: 4
Bathrooms: 2
Car spaces: 3
Floor area: 165m2
Land area: 1029m2
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Property Details for 8 Melville Ave, Korumburra

8 Melville Ave, Korumburra is a 4 bedroom, 2 bathroom House with 3 parking spaces and was built in 1985. The property has a land size of 1029m2 and floor size of 165m2. While the property is not currently for sale or for rent, it was last transferred in November 2023.

Building Type
House
Year Built
1985
Floor Size
165m2
Land Size
1029m2
Local Government
South Gippsland
Lot/Plan
7/LP113227

Last Listing description (December 2008)

AFFORDABLE 4 BEDROOM BRICK
FOUR BEDROOM PLUS ENSUITE WITH TILED ROOF AND CARPORT & GARAGE. OPEN KITCHEN DINING ROOM, LARGE LOUNGE WITH FORMAL DINING AREA.
THIS HOME WAS BUILT IN THE MID 70S AND HAS BEEN WELL CARED FOR, IT'S ON A LARGE (1000M2) FLAT BLOCK OF LAND WITH ESTABLISHED GARDENS.

INSPECTION RECOMENDED.
ADDITIONAL FEATURE - LARGE FLAT BLOCK.

Property History for 8 Melville Ave, Korumburra, VIC 3950

A timeline of how this property has performed in the market
Last Transferred
14 Nov 2023
Listed for Rent
$220/w
17 Apr 2009
  • 14 Nov 2023
    Transferred
  • 29 Nov 2019
    Sold for $320,000
  • 10 Feb 2009
    Listed for Rent - Price not available
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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 3,153 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.
There are currently 55 properties listed for sale, and 7 properties listed for rent in Korumburra on OnTheHouse. According to Cotality's data, 135 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.