36 King Street, Korumburra VIC 3950
36 King Street, Korumburra VIC 3950
Established house | near schools and town centre | large residential lot | broad buyer appeal for families and investors | local demand steady
The property sits within a well-established residential area of Korumburra, where detached family houses with generous land are the norm. Its closeness to both the primary school and secondary college is a clear advantage, making it particularly suitable for families who value walkable access to education and township facilities. The land parcel is likely to be one of the stronger aspects, offering scope for future improvements or potential subdivision, subject to council planning. This broadens the property’s appeal beyond owner-occupiers to those seeking a value-oriented purchase with added flexibility. The township setting, combined with a varied housing stock, supports a realistic expectation of consistent demand from a mix of local buyers and those moving from metropolitan areas.
Value may be shaped most by the condition and layout of the existing dwelling, as well as any need for updating or maintenance. The property’s orientation and building age might also influence how it compares with similar houses in the area. Given the range of local sale prices, presentation and any deferred repair work could materially affect the final figure. Zoning and the practical potential of the land should be weighed carefully, as these may offer opportunities beyond standard residential use.
Detailed Independent Property Report prepared by PropCred Analyst team for 36 King Street, Korumburra VIC 3950
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Median house price in this suburb is $540,000, with a 5% year-on-year decline and a 1.7% quarterly fall, though a compound annual measure of 6.3% points to longer-run gains. Units sit at $420,000 and have dropped 4.6–6.1% over the past year. Houses take 71–91 days to sell, and annual turnover is a thin 80–126 sales. Rental yields are healthy: 4.15–4.55% on houses and 5.1% on units, with median weekly rents of $535 and $400 respectively. The mixed signals—short-term price softening against solid compound growth—framed by an absence of vacancy, demographic and infrastructure data, make forward-looking demand hard to assess. The key risk is continued price erosion and low liquidity.
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PropCred Estimated Value
Comparable Sales: 3-bed at 26 King St sold $595,000; 5-bed at 38 Queen St sold $852,500 | Property Price Band: $600K–$700K | Value Drivers: land size, condition, school proximity
Bedrooms
4
Bathroom
2
Parking
2
Land
697m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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