71 Wallaces Road
Korumburra South, 3950 VIC
2006 house on a 2.4 ha block.
Property Snapshot
2006House4 Bed2 Bath5 Off Street2.4 ha Land291 m² Internal
Investment Highlights
What makes 71 Wallaces Road compelling from a buying and value-add perspective.
Market Status
Off Market
Land Size
2.4 ha
Frontage
—
Zoning
FZ
Farming/Forestry/Mining
Why Buyers Look At This One
Rare add-value profile — 2006 house on a 2.4 ha block.
Renovate upside — modest 291 m² internal area creates a clear renovation, extension or reconfiguration opportunity.
Walkable transport position — approx. 3km to bus, 8.6km to train station and 4.5km to schools.
Neighbourhood quality — strong owner occupier setting with low-turnover character housing nearby.
Property Snapshot
Core facts, planning controls and ownership history.
Bedrooms
4
Bathrooms
2
Parking
5 off-street
Internal Area
291 m²
Ownership & Value
Last Sold$1.00M
Sold DateMar 2024
Land Value—
RPDPC364193
Planning & Site
Property TypeResidential
AccessSingle Access
Height Limit—
Max Storeys—
Pricing & Valuation
Guide, estimate and broader pricing context.
Price Estimate
$1.20M
High Confidence
Suburb Median
$715k
House (4 Beds)
Tenure
2 Years
Since 2024
Capital Gain
+$200k
Since 2024
Suburb Sale Price Median - House (4 Beds)
Rental Market
Yield, rental pricing and local leasing landscape.
Suburb Median
$560 Pw
House (4 Beds)
Rental Yield
4.1%
House (4 Beds)
Vacancy Rate
1.4%
House (4 Beds)
Rentals Last 12M
—
House (4 Beds)
Suburb Rental Price Median - House (4 Beds)
Planning & Risk Overlays
Important due diligence considerations for this property.
Flood Overlay Detected
No flooding known in this area
Other Overlays
Bushfire: BPA - Bushfire Prone Area. Heritage: No heritage known in this area. Biodiversity: No biodiversity known in this area.
Location & Connectivity
Access to transport, schools and local amenity around 71 Wallaces Road.
Train Station
8.6km
Bus Stop
3km
Schools
4.5km
Road Type
unclassified
Transport: Easy access to nearby train station and frequent bus routes.
Lifestyle: Walking distance to local shops, parks and nearby dining precincts.
Positioning: Quiet residential street with strong owner occupier presence and limited turnover.
Neighbourhood Profile
Proximity to amenities and local context impacting livability.
Social Housing
0.0%Train Station
8.6kmBus Stop
3kmCentre Zone
3.9kmRoad Type
unclassified (Low Noise)School Catchment
4.5kmKorumburra South Snapshot
Broader suburb metrics that support the local story.
Population
114
Owner Occupiers
83%
Social Housing
0%
Crime Index
—
Not available
High Owner Occupier Appeal
Explore Korumburra South in more detail
Deep dive into growth, demand, demographics and comparable sales.
View Suburb Profile
