OFF MARKET

7/25-27 Gellibrand Street
Colac VIC 3250

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 81m2
Land area: 126m2
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Last updated 11 Nov 2024
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Property Details for 7/25-27 Gellibrand St, Colac

7/25-27 Gellibrand St, Colac is a 2 bedroom, 1 bathroom Unit and was built in 1979. The property has a land size of 126m2 and floor size of 81m2. While the property is not currently for sale or for rent, it was last transferred in June 2021.

Building Type
Unit
Year Built
1979
Floor Size
81m2
Land Size
126m2
Local Government
Colac Otway
Lot/Plan
7/RP11071

Last Listing description (January 2018)

Set in an enviable location on Gellibrand Street, this property has no major steps in or out of the property, making for easy access and offers a convenient lifestyle for young and old.
Comprising of two bedrooms, both feature double built-in robes. The living room is fitted with a split system, and floor to ceiling Colonial style windows allow plenty of natural light. The updated kitchen is a great use of space and the bathroom offers a separate shower and bath. There is undercover access to a lockup single garage (auto door) and a private courtyard for a great spot to relax and enjoy the sun. There is a current lease in place until January 2018.
Situated halfway between Colac s main street and Botanic Gardens/Lake Colac, this property offers an affordable lifestyle option for the retiree or of course as a fabulous investment.

Property History for 7/25-27 Gellibrand St, Colac, VIC 3250

A timeline of how this property has performed in the market
Last Transferred
23 Jun 2021
  • 23 Jun 2021
    Transferred
  • 21 Nov 2017
    Sold for $220,000
  • 27 Sep 2017
    Listed for Sale $225,000
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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 5,512 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, 198 properties were sold in the past 12 months in Colac.

Suburb Insights for Colac 3250

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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.