1 Forbes St, Colac is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1900. The property has a land size of 680m2 and floor size of 185m2. While the property is not currently for sale or for rent, it was last sold in August 2021.
This superbly restored and renovated character home in one of Colac's most prominent locations is the property you can usually only dream of owning.
But this meticulously remastered, four bedroom home is on the market, and inspection is a must to truly understand the sense of style and livability on offer at 1 Forbes Street. The property is just a minutes stroll from the CBD, cafes, shops and many of Colac's major amenities.
The house itself is impressive from the moment you step onto the front return verandah and into the wide, welcoming entrance hall and take in the original features which have been retained and blended in a seamless flow with new features, all in keeping with the period. The lovely high ceilings, bay windows and polished Baltic pine floors create a feeling of grandeur, while the floor plan is ideal for family living or couples who love to entertain and host visitors. This outstanding location also provides potential for Bed and Breakfast accommodation or short term rental.
The size of Colac is approximately 37.5 square kilometres. There are 20 parks, covering nearly 2.3% of the total area. The population of Colac in 2016 was 9048 people. By 2021 the population was 9243 showing a population growth of 2.2% in the area during that time. The predominant age group in Colac is 60-69 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 2021, 65.80% of the homes in Colac were owner-occupied compared with 66.60% in 2016.
Colac has 5,911 properties. Over the last 5 years, Houses in Colac have seen a 29.97% increase in median value, while Units have seen a 13.51% increase. As at 30 June 2026:
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