3 Mclennan St, Colac is a 4 bedroom, 2 bathroom House and was built in 1984. The property has a land size of 1257m2 and floor size of 188m2. While the property is not currently for sale or for rent, it was last sold in June 2021.
Set on a generous 1256sqm block in a nice quiet street, this double brick home has a number of unique features that could really be enhanced through a thoughtful renovation adding both charm and value.
Spacious in its rectangular design, where exposed brick and timber beams feature heavily. The home offers three bedrooms, the impressive master has an ensuite and walk-in robe and is positioned at the east end entry along with a dedicated home office space, while the other bedrooms are at the west end of the home along with the main family bathroom.
The expansive central living area offers formal and informal dining space on either side of the central kitchen. The kitchen offers gas cooking, a dishwasher and ample cupboard space along with a breakfast bar. There is ample room here to transform the space and add instant value to this property.
Despite its size, the loungeroom feels very cosy thanks to the warm timber-lined ceiling and exposed beams. There a split system to keep you cosy all year round with lovely big timber windows and access through a glass sliding door out to the deck which runs the length of the living room.
If you enjoy gardening, then there is plenty to keep you occupied here with well-established garden beds, an undercover patio area that just needs some TLC, a storage area and galvanised steel garden shed. There is a double carport at the front and the home.
Situated on Colac's west side, you're just a short drive from local schools and shops and Western Reserve. If you're considering the property for investment expect a weekly rent return of $400 to $420pw.
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 45.19% increase in median value, while Units have seen a 25.38% increase. As at 31 August 2024:
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