SOLD
Sold on 17 May 2024 for $267,000

5-9 Parkes Street
Colac VIC 3250

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 761m2
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Property Details for 5-9 Parkes St, Colac

Building Type
Land
Land Size
761m2
Local Government
Colac Otway
Lot/Plan
13/LP32716

Last Listing description (June 2024)

Boasting a generous 760sqm size, this block is ideally situated to capture the essence of peaceful living while providing ample space for a custom-designed residence. The potential to create a home that not only meets your aesthetic desires but also caters to your functional needs is limitless (STCA).

Services are conveniently located kerbside, ensuring that the essential utilities are readily available to facilitate a smooth and efficient building process. This thoughtful provision allows for immediate planning and development, letting you focus on creating a home that reflects your personal style and meets your every need.

Imagine enjoying your morning coffee with a view that captivates and calms and spending your evenings watching the sunset over the water from the comfort of your own home.

With its prime location, readiness for building, and the promise of a serene lakeside lifestyle, the stage is set for you to bring your dream home to life. Don't miss the opportunity to claim this rare gem and start creating memories in a home designed uniquely for you.

*All information about the property has been provided to Richardson Real Estate by third parties. Richardson Real Estate has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to this property.

Property History for 5-9 Parkes St, Colac, VIC 3250

A timeline of how this property has performed in the market
Last Sold
$267,000
17 May 2024
  • 17 May 2024
    Sold for $267,000
  • 01 Feb 2024
    Listed for Sale $602,900
  • 11 Nov 2003
    Transferred

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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 5,499 properties. Over the last 5 years, Houses in Colac have seen a 49.71% increase in median value, while Units have seen a 29.11% increase. As at 31 July 2024:

  • The median value for Houses in Colac is $459,852 while the median value for Units is $361,583.
  • Houses have a median rent of $430 while Units have a median rent of $360.
There are currently 20 properties listed for sale, and 6 properties listed for rent in Colac on OnTheHouse. According to CoreLogic's data, 193 properties were sold in the past 12 months in Colac.

Suburb Insights for Colac 3250

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Richardson Real Estate Colac
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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.