Potential subdivision with brand new brick home!
Set on the three and half acres perfectly accessible to Colac South West Primary School this brand new four bedroom home is just so flexible in it’s potential.
You can either create your own oasis in town or take the property to it’s maximum potential with the exploration of subdividing the land into further house blocks (STCA,mains gas and town water available). The property also boasts an impressive 60 x 25 ft shed with concrete floor and power. Step inside the almost complete home and discover further potential, a large open plan living with stunning polished hardwood floors, and easy access to the double garage with remote control door, with further sliding doors offering access to lawn area there is potential here for pergolas and verandahs. Big built in robes feature in all the bedrooms and all have well designed windows. The bathroom houses a separate shower and corner bath in tasteful white and blue. This property is ready for the landscaping and the finishing touches.
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 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 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 2021, 65.80% of the homes in Colac were owner-occupied compared with 66.60% in 2016.
Colac has 5,758 properties. Over the last 5 years, Houses in Colac have seen a 33.26% increase in median value, while Units have seen a 15.82% increase. As at 31 December 2025:
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