25 Morrison StreetColac VIC 3250
Property Details for 25 Morrison St, Colac
25 Morrison St, Colac is a 2 bedroom, 2 bathroom Unit with 6 parking spaces and was built in 1970. The property has a land size of 1224m2. While the property is not currently for sale or for rent, it was last sold in December 2020.
Last Listing description (February 2021)
Situated ion a 1200sqm block in central Colac, this versatile property offers investors multiple income streams and great potential for capital growth.
A duplex style residence houses two identical, self-contained one-bedroom units with shared laundry separated by a middle garage space.
The property also features a double garage, two secure sheds and a shipping container providing multiple storage options which have the potential to generate rental income.
The property is situated at the end of a no through road and is just a short walk to the centre of Colac and the Central Reserve sports precinct.
Property History for 25 Morrison St, Colac, VIC 3250
- 19 Dec 2020Sold for $350,000
- 08 Dec 2020Listed for Sale $330,000
- 14 Jun 2016Sold for $215,000
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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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