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20 Macqueen Avenue, Korumburra$355,000
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Soldhouse

20 Macqueen Avenue

Korumburra, VIC 3950, Australia
$355,000
3 bed 1 bath734 m²

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About this property

Positioned in a convenient central location within easy reach of Korumburra's shops, schools and everyday amenities, this original three-bedroom weatherboard home presents a rare opportunity for those not afraid of a serious renovation project. Set on a generous 734m² block, the property offers excellent potential for redevelopment or possible subdivision (STCA), with the added benefit of rear lane access and wide side access providing flexibility for future improvements, vehicle access or potential development. The home itself is very much a project - and we mean a real one. It will require significant work and is certainly not for the faint-hearted, but for the right buyer the upside could be well worth the effort. Inside, the layout comprises three decent-sized bedrooms, two of which include wardrobes, along with a large front lounge featuring the original brick open fireplace. A combined kitchen and meals area sits toward the rear of the home with a functional electric upright stove, while the bathroom was updated within the last decade and includes disability access. A separate toilet is located at the rear of the home. While the property clearly needs considerable attention, the bones appear surprisingly solid. The roof looks to be in reasonable order, aluminium windows are installed throughout, and the floors feel firm underfoot. With a bit of luck and a lot of elbow grease, you may even uncover beautiful timber floorboards hiding beneath the carpet. Let's just say the home has developed a little "character" over time, and those with a keen eye may notice a touch of mould here and there, but think of it as the house politely encouraging you to get started on the renovation sooner rather than later. Outside, the property includes sundry shedding in the backyard, plenty of open space for improvement, and a front ramp providing easy access to the home. Whether you're chasing your next renovation project, looking for a potential flip, or simply wanting to secure an affordable entry into the property market, opportunities like this in such a central Korumburra location are becoming increasingly hard to find. This property must be sold via an Expressions of Interest campaign, with all offers to be submitted in writing by 5:00pm on Monday 13th April 2026. Please note the property cannot be sold prior. The property is being sold as inspected and the purchaser must conduct their own due diligence prior to submitting an offer. Terms: 10% deposit, settlement within 60 days. Roll up your sleeves because this one is going to take some work, but for buyers with vision and determination, the rewards could be substantial. Looking to buy, sell or rent in South Gippsland? Get in touch with your expert team today and call Jack Gilchrist on 0411 181 577 or Jassy Batrouney on 0428 294 388 or pop into our office at 8/43-49 Little Commercial 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 Details

Property Type
house
Listing Type
Sold
Bedrooms
3
Bathrooms
1
Land Area
734 m²
Listed
3 months ago

Repayment calculator

$1,721/month
$861 /fortnight
Loan $284,000 at 6.10% over 30 years

Upfront costs

Deposit$71,000
Stamp duty$16,370
Conveyancing (est.)$2,000
Total upfront$89,370
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Korumburra

This 3-bedroom house in Korumburra, VIC 3950 sits within reach of public transport, local shops and nearby schools. It is listed 21% below the $450,000 median of 79 comparable houseswithin 5 km.

Schools near Korumburra

  • Korumburra Primary Schoolprimary · Prep-6 · CoEd
  • Korumburra Secondary Collegesecondary · 7-12 · CoEd

What's nearby

  • IGA Supermarket/1 South Railway Cres (bus)677 m away
  • IGA626 m away
  • Coleman Park489 m away
  • Unnamed572 m away
  • Unnamed656 m away

Korumburra at a glance

Full suburb profile
Population
4,749
Median age
47
Household income
$1,175/wk
Median rent
$270/wk
Median mortgage
$1,300/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Korumburra price trend

Median sold · House 3 bed

Compound growth +0.1% / yr over 4 yrs

$512kcurrent median

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