32 Mcgonigal St, Colac is a 2 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 793m2. While the property is not currently for sale or for rent, it was last sold in December 2016.
Priced for entry level investment, first or last home buyer, handyman or tradie looking for workspace or storage, and on an allotment comprising nearly 800sqm. Located in close proximity to ALC, and with views of Lake Colac this little package provides an affordable opportunity to invest or enter the market.
The two bedrooms both have built-in robes and the master is fitted with an air conditioner. Comfortably heated by a Coonara gas-log fire, and second air conditioner in the open-plan living. Dining, kitchen and hallway have updated floor covers. The secure backyard is the ideal area to sit in the north sun and/or accommodate the family pet. Solar panels help keep the bills to a minimum and the high clearance heavy structural shed (powered and concreted), is the perfect place to tinker.
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:
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