3/7 Forbes StreetColac VIC 3250
Property Details for 3/7 Forbes St, Colac
3/7 Forbes St, Colac is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1975. The property has a land size of 141m2 and floor size of 73m2. While the property is not currently for sale or for rent, it was last sold in October 2020.
Last Listing description (December 2020)
With a reliable, long-term tenant already in place, this low maintenance two-bedroom unit is the ideal addition to your investment portfolio. One of six in the complex, this unit is just a short walk from Colacs medical precinct and in one of Colacs premier streets, the central location ensures there will always be demand for units in this block.
The north-facing living room and front bedroom are bathed in sunshine during the winter and are keep cosy by the split system heating and cooling. There is room for a small dining table next to the compact kitchen which features electric cooking and looks out to your own private courtyard.
The second bedroom sits at the back of the home next to a newly renovated bathroom. Both bedrooms have built-in robes. Quite simply, there is nothing to do inside or out.
Investors can expect a rent return of $240 to $260per week.
Property History for 3/7 Forbes St, Colac, VIC 3250
- 22 Oct 2020Sold for $290,000
- 04 Aug 2020Listed for Sale $290,000
- 10 May 2014Listed for Rent - Price not available
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0About 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.
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