157 Queen StreetColac VIC 3250
Property Details for 157 Queen St, Colac
157 Queen St, Colac is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1918. The property has a land size of 1022m2 and floor size of 126m2. While the property is not currently for sale or for rent, it was last sold in August 2018.
Last Listing description (November 2018)
This house and unit package offers excellent investment potential. Situated just down the road close to Bluewater Fitness Centre, library, corner store and Colac Secondary College presenting the investor or largest of families a multitude of options. Reside in the home consisting of three bedrooms all with built in robes, newly updated floor coverings, a fresh coat of paint and updated bathroom and kitchen and continue leasing out the two bedroom bungalow for an income. Maybe over time you may wish to ship the kids out to their own place whilst still being close by?!
The House - Newly updated kitchen with brand new Westinghouse oven and stovetop. The sunken lounge has exposed beam ceilings, gas heating and access to the deck. The rear yard is fully enclosed for pets and there is also a double garage for car accommodation. Current fixed 3 month lease in place returning $295 per week.
The Unit - Includes two bedrooms, double carport, separate secure yard, comfortable open living, dining and kitchen area. Currently receiving $220 per week rent with an increase to $235 due September.
There is no doubt, return on investments of 6.4% - 6.7% are hard to find.
Property History for 157 Queen St, Colac, VIC 3250
- 15 Aug 2018Sold for $410,000
- 17 Jul 2018Listed for Sale $398,000 - $418,000
- 30 Nov 2016Sold for $275,000
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0About 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 5,512 properties. Over the last 5 years, Houses in Colac have seen a 42.29% increase in median value, while Units have seen a 28.04% increase. As at 31 October 2024:
- The median value for Houses in Colac is $441,147 while the median value for Units is $368,492.
- Houses have a median rent of $440 while Units have a median rent of $365.
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