OFF MARKET

20 Colac-Forrest Road
Colac East VIC 3250

Bedrooms: 3
Bathrooms: -
Car spaces: -
Land area: 40586m2
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Last updated 16 Dec 2024
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Property Details for 20 Colac-Forrest Rd, Colac East

20 Colac-Forrest Rd, Colac East is a 3 bedroom, 0 bathroom House. The property has a land size of 40586m2. While the property is not currently for sale or for rent, it was last sold in August 2020.

Building Type
House
Land Size
40586m2
Local Government
Colac Otway
Lot/Plan
1/LP112543

Last Listing description (February 2021)

40,460 m2 4.046 Hectares 10 Acres

MAGNIFICENT HIGH PROFILE DEVELOPMENT INVESTMENT PROPOSITION

OUTSTANDING SIGNIFICANT SUPERBLY POSITIONED ACREAGE ZONED INDUSTRIAL 1

Superb elevated gently undulating well drained arable land fronting the busy sealed Colac Forrest Road amidst major established Colac and District transport, manufacturing and retail businesses.
Adjoining rapidly developing modern Industrial Estate (71 Lots in total).
Power and town water connected; with 3 phase power, sewerage, town gas, NBN and phone all available.
Featuring 3 BR weatherboard home plus sundry shedding.
Same Family ownership since 1935.

An excellent development investment opportunity on the edge of the thriving and expanding City of Colac.

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Property History for 20 Colac-Forrest Rd, Colac East, VIC 3250

A timeline of how this property has performed in the market
Last Sold
$1,056,000
08 Aug 2020
  • 08 Aug 2020
    Sold for $1,056,000
  • 17 Jul 2020
    Listed for Sale EOI close Mon 24th Aug at 2pm

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About Colac East 3250

The size of Colac East is approximately 5.4 square kilometres. It has 4 parks covering nearly 0.1% of total area. The population of Colac East in 2011 was 306 people. By 2016 the population was 226 showing a population decline of 26.1% in the area during that time. The predominant age group in Colac East is 50-59 years. Households in Colac East are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Colac East work in a trades occupation. In 2011, 67.1% of the homes in Colac East were owner-occupied compared with 53.2% in 2016..

Colac East has 264 properties. Over the last 5 years, Houses in Colac East have seen a 21.90% increase in median value, while Units have seen a 289.70% increase. As at 30 November 2024:

  • The median value for Houses in Colac East is $545,491 while the median value for Units is $270,602.
There are currently 2 properties listed for sale, and no properties listed for rent in Colac east on OnTheHouse. According to CoreLogic's data, 9 properties were sold in the past 12 months in Colac east.

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