Set on a generous 599sqm allotment in a well-established and desirable neighbourhood, this property offers a rare chance to build your dream home or investment project with future potential already secured. With approved plans for a two-lot subdivision, you can construct now and capitalise later.All essential services are available, streamlining the building process and reducing upfront costs. The location is ideal, close to schools, popular sporting venues, and just minutes from the CBD, making it perfect for families, professionals, or developers seeking long-term value.Whether you're looking to create a comfortable residence or take advantage of the subdivision approval down the track, this block delivers flexibility, convenience, and strong growth prospects.*All information about the property has been provided to Richardson Real Estate by third parties. Richardson Real Estate has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to this property.
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 30.01% increase in median value, while Units have seen a 13.35% increase. As at 31 July 2026:
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