5 Morrison St, Colac is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1940. The property has a land size of 810m2 and floor size of 123m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 3 bedroom House sold in Colac in the last 12 months.
This charming home is an exciting opportunity for renovators or investors looking for their next project, on a large 810sqm allotment.
While the kitchen may be small, it provides an excellent opportunity for those looking to renovate and add value to the property. A renovation could include upgrading the appliances, replacing the cabinetry and countertops, and adding more storage space, all of which would enhance the kitchen's functionality and modernise its appearance.
This property is just a short stroll from the CBD, Bowls Clubs, and Central Reserve, offering easy access to a range of local amenities and attractions.
**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.
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 5,512 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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