60-70 Wallace StreetColac VIC 3250
Property Details for 60-70 Wallace St, Colac
60-70 Wallace St, Colac is a 0 bedroom, 0 bathroom House and was built in 1970. The property has a land size of 8144m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 0 bedroom House sold in Colac in the last 12 months.
Last Listing description (May 2024)
A wonderful 8145m2 residential allotment ripe for subdivision located in an excellent established neighborhood
General Residential Zone - schedule 1 (GRZ)
Estimated yield of 13 saleable lots (stca), with almost flat topography. The plan shown is indicative of potential layout. No permit applications have been submitted.
39.7metres frontage to Wallace Street, land area 8145m2 approx.
This is a hen's teeth opportunity to pick up an outstanding small development site in central Colac within walking distance of shopping and schools.
Further information including a due diligence report and architects site feasibility study can be provided by agents.
For Sale By Expression of Interest; closing Friday 19th April at 2pm.
Property History for 60-70 Wallace St, Colac, VIC 3250
- 01 May 2024Sold
- 02 Apr 2024Listed for Sale For Sale By Expression of Interest
- 24 Oct 2008Listed for Sale POA
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0About 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.
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