SOLD
RECENT ADVICE
Sold on 11 Jul 2024 for $1,088,888

277A Hearn Street
Colac VIC 3250

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 10600m2
Save

Property Details for 277a Hearn St, Colac

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.

Building Type
House
Land Size
10600m2
Local Government
Colac Otway
Lot/Plan
1/PS330103

Last Listing description (July 2024)

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!

Property History for 277a Hearn St, Colac, VIC 3250

A timeline of how this property has performed in the market
Last Sold
$1,088,888
11 Jul 2024
  • 11 Jul 2024
    Sold for $1,088,888
  • 01 May 2024
    Listed for Sale Contact Agent
  • 28 May 2018
    Sold for $643,000
Sign in to see more transactions

Commute Calculator

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 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.
There are currently 16 properties listed for sale, and 4 properties listed for rent in Colac on OnTheHouse. According to CoreLogic's data, 190 properties were sold in the past 12 months in Colac.

Suburb Insights for Colac 3250

Market Insights
Colac Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Colac Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Disclaimer
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.