277a Hearn St, Colac is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 10600m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 4 bedroom House sold in Colac in the last 12 months.
It's as rare as hen's teeth to find a property on 2.6 acres in town these days, and it's even rarer to find it on a corner allotment with multiple frontages. Well stop searching because 277 Hearn Street, Colac offers all this and more! This one is calling out to our keen developers or those looking for a lifestyle property, just minute's drive to the Colac CBD.
Let's start with the home: A solid four bedroom brick family home that features three bedrooms, all with BIR's. The Master suite offers a WIR and Ensuite with shower, vanity and toilet. A very functional kitchen has great storage and overlooks the dining area. The formal living area is perfect for entertaining, whilst the communal central bathroom has a bath, shower and vanity. The home is serviced by both a split system and gas heater. Step out the back and you are greeted with an enclosed deck that can be used to entertain and dine year-round, out of the elements! Outside, you will find multiple sheds that are great for a workshop, storage or even animal shelters.
Now the opportunity: A golden opportunity is at hand for further development. Having multiple road frontages, being connected to services and the sheer 2.6 acres in size means the scope for development of townhouses, units or a venture of your choice is imminent (STCA). On the other hand, an established lifestyle property is ready to go for families keen on having room to move in a central Colac location. The opportunity is only limited by your imagination.
Finally, the Location: Walking distance to Primary & Secondary schools, kindergartens and the Western Oval. Only a few minute's drive to the Colac CBD - yet a beautiful rural back drop. You truly do get the best of worlds with this beauty!
For sale by Public Auction on Saturday, 25th May @ 11:00 am On-site!
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 42.29% increase in median value, while Units have seen a 28.04% increase. As at 31 October 2024:
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