SOLD
Sold on 13 Nov 2024 for $400,000

27 Richmond Street
Colac VIC 3250

Bedrooms: 4
Bathrooms: 1
Car spaces: 1
Floor area: 130m2
Land area: 683m2
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Property Details for 27 Richmond St, Colac

27 Richmond St, Colac is a 4 bedroom, 1 bathroom House with 1 parking spaces and was built in 1960. The property has a land size of 683m2 and floor size of 130m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 4 bedroom House sold in Colac in the last 12 months.

Building Type
House
Year Built
1960
Floor Size
130m2
Land Size
683m2
Local Government
Colac Otway
Lot/Plan
71/LP50940

Last Listing description (December 2024)

Welcome to your ideal first step on the property ladder! This solid home, set on 683 sqm, offers an excellent opportunity to enter the market with plenty of potential to add value and make it your own. With a blank canvas outdoors, you?ll have the freedom to design and landscape the garden to suit your personal taste, whether you dream of lush lawns, garden beds, or a veggie patch.

Inside, you?ll find three generously sized bedrooms, two featuring built-in robes for added convenience. There's also the flexibility of a fourth bedroom, which could easily be transformed into a home office, playroom, or guest space depending on your needs. The original kitchen, while functional, provides a great space for those looking to update and put their own stamp on it, with an eat-in dining area perfect for casual family meals. The separate living room offers a comfortable space to relax or entertain, with the added charm of hardwood timber flooring that brings warmth and character to the home.

For those with an eye for potential, this home offers great scope for improvements, making it a perfect project to boost capital and build equity. Whether you're looking to renovate and modernize or simply move in and enjoy, this property presents a fantastic foundation to start your real estate journey.

With a little TLC, this home could truly shine. Don't miss the chance to secure a property with so much promise and make it your own!

*All information about the property has been provided to Richardson Real Estate by third parties. Richardson Real Estate has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to this property.

Property History for 27 Richmond St, Colac, VIC 3250

A timeline of how this property has performed in the market
Last Sold
$400,000
13 Nov 2024
Listed for Rent
$275/w
29 Feb 2016
  • 13 Nov 2024
    Sold for $400,000
  • 29 Oct 2024
    Listed for Sale $390,000 to $410,000
  • 24 Feb 2016
    Listed for Rent $275 / week
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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 5,511 properties. Over the last 5 years, Houses in Colac have seen a 42.43% increase in median value, while Units have seen a 26.08% increase. As at 30 November 2024:

  • The median value for Houses in Colac is $444,729 while the median value for Units is $397,860.
  • Houses have a median rent of $430 while Units have a median rent of $368.
There are currently 16 properties listed for sale, and 6 properties listed for rent in Colac on OnTheHouse. According to CoreLogic's data, 200 properties were sold in the past 12 months in Colac.

Suburb Insights for Colac 3250

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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.