Once you enter the front door of this character weather board home you will know it has loads of potential with plenty of scope to renovate or do an extension at the rear of the house. The home has two bedrooms with two separate living areas or you could easily create a third bedroom. The home has a new central gas heating system and the floor plan allows for plenty of flexibility. The original kitchen has lots of cupboards and bench space. The home is currently tenanted with a 5% rental return! This is a great location being only a block from Safeway, the hospital, the city bowling club and railway station.
Stuart Nelson
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 5,501 properties. Over the last 5 years, Houses in Colac have seen a 43.94% increase in median value, while Units have seen a 26.16% increase. As at 30 September 2024:
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