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31 Bridge Street, Korumburra$299,000
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31 Bridge Street

Korumburra, VIC 3950, Australia
$299,000
400 m²

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About this property

This is your chance to secure the last remaining vacant commercial block in Korumburra's bustling main shopping strip. Offering approximately 400m² of premium land, this exceptional site presents unmatched exposure with triple street frontage to Mine Road/South Gippsland Highway, Bridge Street, and Little Commercial Street. Comprising four individual titles, this allotment provides endless flexibility for development. Whether you're considering retail shops, offices, or a mixed-use investment, the position is second to none. Alternatively, landbank for the future and capitalize on Korumburra's strong growth trajectoryopportunities of this calibre will only become more scarce as the town continues to thrive. Currently utilized as a low-maintenance car park, the site is graveled and requires no upkeep, allowing you to plan your next move without holding costs or immediate work. This is a blue-chip development opportunity in one of South Gippsland's fastest-growing towns. 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
For Sale
Land Area
400 m²
Listed
3 months ago

Repayment calculator

$1,450/month
$725 /fortnight
Loan $239,200 at 6.10% over 30 years

Upfront costs

Deposit$59,800
Stamp duty$13,010
Conveyancing (est.)$2,000
Total upfront$74,810
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 house in Korumburra, VIC 3950 sits within reach of public transport, local shops and nearby schools. It is listed 33% below the $445,000 median of 77 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)167 m away
  • Kelly's Bakery137 m away
  • Coleman Park422 m away
  • Unnamed804 m away
  • Unnamed871 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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