OFF MARKET

3/42 Gravesend Street
Colac VIC 3250

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 122m2
Land area: 248m2
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Property Details for 3/42 Gravesend St, Colac

3/42 Gravesend St, Colac is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2012. The property has a land size of 248m2 and floor size of 122m2. While the property is not currently for sale or for rent, it was last sold in August 2020.

Building Type
Unit
Year Built
2012
Floor Size
122m2
Land Size
248m2
Local Government
Colac Otway
Lot/Plan
3/PS649825

Last Listing description (September 2020)

With contemporary style and plenty of creature comforts, this attractive brick unit offers private, low maintenance living just minutes from town.

One of just 3 units in the block and set well back from the road, space is what sets this unit apart with three bedrooms and an ensuite bathroom, the floorplan is generous in its proportions.


The soft neutral colour palette adds to the contemporary style. The spacious open plan living area features carpet and ceramic tile flooring with floor to ceiling windows allowing plenty of natural light to flood the space. There is split system heating and cooling along with ducted gas heating throughout, ensuring comfort all year round.

The stylish, modern kitchen offers ample cupboard space, dishwasher and combination gas cooktop with an electric wall oven and there is a dedicated meals area.

The unit has its own private backyard with ample room to create a garden or for your furry friends. The double garage offers added security with electric roller door and direct access into the unit.

Ideally situated, this unit is next to City Bowls Club and is within walking distance to town. In todays market, investors can expect a weekly rent return of $360 to $380

Property History for 3/42 Gravesend St, Colac, VIC 3250

A timeline of how this property has performed in the market
Last Sold
$410,000
04 Aug 2020
Listed for Rent
$300/w
09 Oct 2014
  • 04 Aug 2020
    Sold for $410,000
  • 28 Jul 2020
    Listed for Sale $399,500
  • 03 Oct 2014
    Listed for Rent $300 / 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 5,510 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 17 properties listed for sale, and 4 properties listed for rent in Colac on OnTheHouse. According to CoreLogic's data, 196 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.