5 Petersen Street
Korumburra, 3950 VIC
1960 house on a 645 m² block with 15m frontage.
Property Snapshot
1960House3 Bed2 Bath2 Off Street645 m² Land111 m² Internal15m Frontage
Investment Highlights
What makes 5 Petersen Street compelling from a buying and value-add perspective.
Market Status
Off Market
Land Size
645 m²
Frontage
15m
Zoning
GRZ1
Residential - Medium Density
Why Buyers Look At This One
Rare add-value profile — 1960 house on a 645 m² block and a 15m frontage.
Renovate upside — modest 111 m² internal area creates a clear renovation, extension or reconfiguration opportunity.
Walkable transport position — approx. 1.5km to bus, 13km to train station and 1.2km to schools.
Neighbourhood quality — strong owner occupier setting with low-turnover character housing nearby.
Property Snapshot
Core facts, planning controls and ownership history.
Bedrooms
3
Bathrooms
2
Parking
2 off-street
Internal Area
111 m²
Ownership & Value
Last Sold$520k
Sold DateMay 2026
Land Value—
RPD93\LP50568
Planning & Site
Property TypeResidential
AccessSingle Access
Height Limit—
Max Storeys—
Wide FrontageResidential
Pricing & Valuation
Guide, estimate and broader pricing context.
Price Estimate
$520k
VeryHigh Confidence
Suburb Median
$517k
House (3 Beds)
Tenure
0 Years
Since 2026
Capital Gain
—
Since 2026
Suburb Sale Price Median - House (3 Beds)
Rental Market
Yield, rental pricing and local leasing landscape.
Suburb Median
$462.5 Pw
House (3 Beds)
Rental Yield
4.7%
House (3 Beds)
Vacancy Rate
1.4%
House (3 Beds)
Rentals Last 12M
28
House (3 Beds)
Suburb Rental Price Median - House (3 Beds)
Planning & Risk Overlays
Important due diligence considerations for this property.
Flood Overlay Detected
No flooding known in this area
Other Overlays
Bushfire: No bushfire known in this 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 5 Petersen Street.
Train Station
13km
Bus Stop
1.5km
Schools
1.2km
Road Type
residential
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
11.0%Train Station
13kmBus Stop
1.5kmCentre Zone
981mRoad Type
residential (Low Noise)School Catchment
1.2kmKorumburra Snapshot
Broader suburb metrics that support the local story.
Population
4,749
Owner Occupiers
77%
Social Housing
11%
Crime Index
—
Not available
High Owner Occupier AppealLow Vacancy
Explore Korumburra in more detail
Deep dive into growth, demand, demographics and comparable sales.
View Suburb Profile
