31-33 Wallace Street, Colac, VIC 3250 | Property Value & History | OnTheHouse
OFF MARKET

31-33 Wallace Street
Colac VIC 3250

Bedrooms: 2
Bathrooms: 1
Car spaces: 3
Floor area: 80m2
Land area: 3261m2
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Property Details for 31-33 Wallace St, Colac

31-33 Wallace St, Colac is a 2 bedroom, 1 bathroom House with 3 parking spaces and was built in 1990. The property has a land size of 3261m2 and floor size of 80m2. While the property is not currently for sale or for rent, it was last sold in May 2023.

Building Type
House
Year Built
1990
Floor Size
80m2
Land Size
3261m2
Local Government
Colac Otway
Lot/Plan
2/PS322543

Last Listing description (June 2023)

Nestled privately only metres from Coles supermarket, Bunnings, and only a short stroll from Colac's CBD, this functional 2 bedroom home on a lovely 3260m2 allotment offers loads of possibilities.
In a beautiful parklike setting and surrounded by a rambling garden and an abundance of mature trees the home exudes a warm and inviting atmosphere that is perfect for those seeking a peaceful retreat.
The beautiful garden surrounding the home is the perfect spot for enjoying morning coffee or an afternoon barbeque.

A 6m x 12 shed provides great storage space or a workshop area, perfect for those who love to tinker or pursue their hobbies.
This property offers convenient access to all the amenities you could want, and will allow you to live comfortably amongst beautiful surrounds whilst planning for future renovations or development.

Property History for 31-33 Wallace St, Colac, VIC 3250

A timeline of how this property has performed in the market
Last Sold
$523,000
29 May 2023
  • 29 May 2023
    Sold for $523,000
  • 10 May 2023
    Listed for Sale EOI closing 26/5/23 at 12.00pm
  • 12 Dec 2002
    Sold for $42,500
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About Colac 3250

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 5,772 properties. Over the last 5 years, Houses in Colac have seen a 39.33% increase in median value, while Units have seen a 20.08% increase. As at 30 November 2025:

  • The median value for Houses in Colac is $495,973 while the median value for Units is $354,662.
  • Houses have a median rent of $470 while Units have a median rent of $390.
There are currently 21 properties listed for sale, and 3 properties listed for rent in Colac on OnTheHouse. According to Cotality's data, 257 properties were sold in the past 12 months in Colac.

Suburb Insights for Colac 3250

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.