OFF MARKET

3/16 Queen Street
Colac VIC 3250

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 83m2
Land area: 132m2
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Property Details for 3/16 Queen St, Colac

3/16 Queen St, Colac is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 132m2 and floor size of 83m2. While the property is not currently for sale or for rent, it was last sold in December 2021.

Building Type
Unit
Year Built
1970
Floor Size
83m2
Land Size
132m2
Local Government
Colac Otway
Lot/Plan
3/RP3222

Last Listing description (January 2022)

** Please note that Scheduled Open Times are only for Double-Vaccinated Attendees. Single-dosed or Unvaccinated Attendees need to make alternative Private arrangements with the Agent should they wish to view the Property **

Looking to downsize or perhaps invest? This two bedroom unit is tucked away safe and sound towards the back of the property with just two further units in front. Fresh, neat and tidy this property is light-filled and efficient with north facing lounge and main bedroom that capture plenty of sunshine. Both bedrooms have built-in-robes with the bathroom offering both shower and separate bath. The kitchen with electric cooking plus dishwasher combines with the dining area whilst the split system comfortably heats and cools the property. A single carport, small storage area, enclosed courtyard plus grassed common area complete the outside of this property. Located in a prime position close to Botanic Gardens and in walking distance to Lake Colac, walking tracks, shops and Cafes. Ideally suiting someone looking to downsize or the astute investor who will have no trouble finding a tenant in a strong rental market.
Please note this property is being offered for sale fully furnished.

Property History for 3/16 Queen St, Colac, VIC 3250

A timeline of how this property has performed in the market
Last Sold
$345,000
08 Dec 2021
Listed for Rent
$180/w
28 Feb 2017
  • 08 Dec 2021
    Sold for $345,000
  • 09 Nov 2021
    Listed for Sale $340,000
  • 21 Feb 2017
    Listed for Rent - Price not available
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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 5,512 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.
There are currently 19 properties listed for sale, and 5 properties listed for rent in Colac on OnTheHouse. According to CoreLogic's data, 198 properties were sold in the past 12 months in Colac.

Suburb Insights for Colac 3250

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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.