FOR SALE
$647,000 - $667,000

12 Chapel Street
Colac VIC 3250

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 1909m2
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HUGE RESIDENTIAL OPPORTUNITY

This unique property is well suited for a myriad of purchasers as it offers opportunities and potential unrivalled in this location.
The neat as a pin brick veneer home is where the charm commences, than the large 1909 sqm (approximately) allotment is where the future is.
The home offers three light-filled bedrooms and a fabulous open plan spacious living, kitchen and dining area. Externally there is an alfresco area and a well fenced backyard along with the large shed, workshop or garage.
Beyond the fence at the garage is the jewel in the crown as there is approximately 1100 sqm of prime residential land that represents an ideal development opportunity (STCA) or a massive backyard to use as you please.
This property has the added conveniences that a prime area can offer as its close to the Colac Primary School, IGA Supermarket and within walking distance to Colac's CBD, Lake Colac precinct and the Botanic Gardens.
This property is a rare find in today's market.
*All precautions have been undertaken to establish the accuracy of the above information. Interested parties should make and rely on their own enquiries in relation to all aspects of this property.
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Property Details for 12 Chapel St, Colac

12 Chapel St, Colac is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 1909m2. The place is currently for sale with Ray White Colac.

Building Type
House
Land Size
1909m2

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About Colac 3250

The size of Colac is approximately 37.5 square kilometres. It has 20 parks covering nearly 2.3% of total area. The population of Colac in 2011 was 8,696 people. By 2016 the population was 9,066 showing a population growth of 4.3% in the area during that time. The predominant age group in Colac is 20-29 years. Households in Colac are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Colac work in a labourer occupation. In 2011, 67.4% of the homes in Colac were owner-occupied compared with 66.6% in 2016.

Colac has 5,500 properties. Over the last 5 years, Houses in Colac have seen a 45.19% increase in median value, while Units have seen a 25.38% increase. As at 31 August 2024:

  • The median value for Houses in Colac is $440,188 while the median value for Units is $350,584.
  • Houses have a median rent of $430 while Units have a median rent of $365.
There are currently 19 properties listed for sale, and 6 properties listed for rent in Colac on OnTheHouse. According to CoreLogic's data, 196 properties were sold in the past 12 months in Colac.

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Wayne Mackrell
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Chris Peeters
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Ray White Colac
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