OFF MARKET

2 Churchill Square
Colac VIC 3250

Bedrooms: 4
Bathrooms: 1
Car spaces: 1
Floor area: 92m2
Land area: 641m2
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Last updated 9 Sep 2024
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Property Details for 2 Churchill Sq, Colac

2 Churchill Sq, Colac is a 4 bedroom, 1 bathroom House with 1 parking spaces and was built in 1950. The property has a land size of 641m2 and floor size of 92m2. While the property is not currently for sale or for rent, it was last sold in May 2020.

Building Type
House
Year Built
1950
Floor Size
92m2
Land Size
641m2
Local Government
Colac Otway
Lot/Plan
1/TP94407

Last Listing description (August 2020)

Have you been considering joining the investor's club? We have found the ideal property for your portfolio. This low maintenance clad home has been in the same family for more than 30 years and is ready for the next owners to modernise, rent out or reside. Sitting on a 641sqm block with single garage in the fully fenced, secure backyard.
Inside, the home offers a functional kitchen, dining area, spacious light filled loungeroom with electric heating and reverse cycle air conditioning and three bedrooms with built in robes.
2 Churchill Square is on the market at an attractive price and with a potential rental return of $280 per week - the yield or return on investment sits at approximately 5.5%!

Property History for 2 Churchill Sq, Colac, VIC 3250

A timeline of how this property has performed in the market
Last Sold
$255,000
05 May 2020
  • 05 May 2020
    Sold for $255,000
  • 04 Feb 2020
    Listed for Sale $265,000
  • 07 Sep 2012
    Listed for Sale $179,000
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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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