SOLD
Sold on 16 Feb 2024 for $295,000

5/21 Ross Street
Colac VIC 3250

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 78m2
Land area: 277m2
Sold By
Charles Stewart & Co Pty Ltd
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Property Details for 5/21 Ross St, Colac

5/21 Ross St, Colac is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1999. The property has a land size of 277m2 and floor size of 78m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 2 bedroom Unit sold in Colac in the last 12 months.

Building Type
Unit
Year Built
1999
Floor Size
78m2
Land Size
277m2
Local Government
Colac Otway
Lot/Plan
5/PS327833

Last Listing description (June 2024)

There is a lot to like with this townhouse-style unit in this established group. Unit 5 is at the rear, ensuring minimal road noise or comings and goings.
The large, rear courtyard is tucked away from street view, offering the valued privacy this position can bring. A grassy area out front provides a private green outlook from the living area, with a visitors' parking space for convenience. The northern sun will shine into your front door and living area, giving a warm ambiance to your morning cuppa! Modern wall colours, and with up-to-date internal blinds and window furnishings, a modern split system air-con, you really won't have to do a lot.
The updated kitchen is neat, includes gas cooking and both bedrooms have built-ins. There is undercover access to your garage as well as a lockup garden shed. A separate laundry provides access to the outside.

Currently leased for $330 per week on a periodical agreement. Well maintained and presented, this complex is a good one to buy into. There's a bus stop nearby on Murray Street. Close to the brand new Lake Colac School.

Property History for 5/21 Ross St, Colac, VIC 3250

A timeline of how this property has performed in the market
Last Sold
$295,000
16 Feb 2024
Listed for Rent
13 Aug 2019
  • 16 Feb 2024
    Sold for $295,000
  • 26 Sep 2023
    Listed for Sale Not Disclosed
  • 08 Jul 2019
    Listed for Rent - Price not available
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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 5,501 properties. Over the last 5 years, Houses in Colac have seen a 43.94% increase in median value, while Units have seen a 26.16% increase. As at 30 September 2024:

  • The median value for Houses in Colac is $432,100 while the median value for Units is $358,319.
  • Houses have a median rent of $430 while Units have a median rent of $360.
There are currently 18 properties listed for sale, and 5 properties listed for rent in Colac on OnTheHouse. According to CoreLogic's data, 188 properties were sold in the past 12 months in 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.