SOLD
Sold on 23 Feb 2024 for $360,000

5 Morrison Street
Colac VIC 3250

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 123m2
Land area: 810m2
Save

Property Details for 5 Morrison St, Colac

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.

Building Type
House
Year Built
1940
Floor Size
123m2
Land Size
810m2
Local Government
Colac Otway
Lot/Plan
1/TP448197

Last Listing description (March 2024)

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.


The home boasts two living areas, one at the front of the house and the other which could be used as another living area or converted into a bedroom at the rear. This makes the property versatile and ideal for families who require extra space.

The two bedrooms at the front of the house conveniently encircle the bathroom, while the toilet and laundry are situated at the back of the house.

The large backyard provides plenty of space for outdoor entertaining and activities along with numerous shedding and an established vegetable garden. With room to spare you could create a beautiful garden or outdoor entertainment area.

While the property may require some love and attention, it offers endless potential for those willing to put in the effort.

This property presents an exciting opportunity for a developer, maybe a renovator or even an investor to restore and enhance an older-styled home with plenty of character with the potential to become a comfortable family home, an attractive investment property or potential development site.

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.

Property History for 5 Morrison St, Colac, VIC 3250

A timeline of how this property has performed in the market
Last Sold
$360,000
23 Feb 2024
Listed for Rent
$330/w
16 Oct 2020
  • 23 Feb 2024
    Sold for $360,000
  • 13 Jul 2023
    Listed for Sale Not Disclosed
  • 29 May 2019
    Listed for Rent - Price not available
Sign in to see more transactions

Commute Calculator

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 5,512 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:

  • The median value for Houses in Colac is $441,147 while the median value for Units is $368,492.
  • Houses have a median rent of $440 while Units have a median rent of $365.
There are currently 19 properties listed for sale, and 5 properties listed for rent in Colac on OnTheHouse. According to CoreLogic's data, 194 properties were sold in the past 12 months in Colac.

Suburb Insights for Colac 3250

Market Insights
Colac Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Colac Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Contact agent
Leanne Witcombe
Show contact details
Troy Kincaid
Show contact details
Richardson Real Estate Colac
Preferred contact:
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.