20 Colac-Forrest RoadColac East VIC 3250
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.
Last Listing description (February 2021)
40,460 m2 4.046 Hectares 10 Acres
MAGNIFICENT HIGH PROFILE DEVELOPMENT INVESTMENT PROPOSITION
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.
Property History for 20 Colac-Forrest Rd, Colac East, VIC 3250
- 08 Aug 2020Sold for $1,056,000
- 17 Jul 2020Listed for Sale EOI close Mon 24th Aug at 2pm
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0About 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 262 properties. Over the last 5 years, Houses in Colac East have seen a 25.77% increase in median value, while Units have seen a 289.70% increase. As at 30 September 2024:
- The median value for Houses in Colac East is $551,882 while the median value for Units is $214,822.
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