OFF MARKET

5 Archer Street
Colac VIC 3250

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 100m2
Land area: 1119m2
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Last updated 28 Oct 2024
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Property Details for 5 Archer St, Colac

5 Archer St, Colac is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1940. The property has a land size of 1119m2 and floor size of 100m2. While the property is not currently for sale or for rent, it was last sold in May 2021.

Building Type
House
Year Built
1940
Floor Size
100m2
Land Size
1119m2
Local Government
Colac Otway
Lot/Plan
6/LP10692

Last Listing description (October 2021)

Situated in the centre of town, 5 Archer Street is perfect for a tradesperson, developer or motivated family. With a generous 1,118sqm level block, this property presents the opportunity to renovate, rebuild or develop townhouses (subject to council approval).
Down the end of a quiet court and within a short walk, you have access to the Central Reserve football/netball club and bowling club offering delicious meals. The location is also ideal for those who like to leave the car at home as the train station is just down the road taking you through to Warrnambool and Melbourne with stops at Geelong, Birregurra, Camperdown, and Winchelsea in between.
Purchasing this property can be as easy as ABC - Attending our Open Day, Bringing your creative mind and Calling the agents to make an offer.

Property History for 5 Archer St, Colac, VIC 3250

A timeline of how this property has performed in the market
Last Sold
$395,000
31 May 2021
  • 31 May 2021
    Sold for $395,000
  • 14 May 2021
    Listed for Sale $395,000

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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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