351 Murray Street, Colac, VIC 3250 | Property Value & History | OnTheHouse
OFF MARKET

351 Murray Street
Colac VIC 3250

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 106m2
Land area: 293m2
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Last updated 6 Apr 2026
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Property Details for 351 Murray St, Colac

351 Murray St, Colac is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1950. The property has a land size of 293m2 and floor size of 106m2. While the property is not currently for sale or for rent, it was last sold in May 2018.

Building Type
House
Year Built
1950
Floor Size
106m2
Land Size
293m2
Local Government
Colac Otway
Lot/Plan
1/LP14579

Last Listing description (August 2018)

Within close proximity to shops, a milk bar, pharmacy and butcher; within walking distance to the Colac Lake walking track and Colac West Primary School, if convenience is what you're after then 351 Murray Street could be the place for you.

This weatherboard home features three bedrooms (one with a built in robe), combined dining and lounge with gas heating and ceiling fan for year round comfort as well as kitchen with electric cooking overlooking the backyard. The home is located on a low maintenance block of 580sqm with a paved outdoor entertaining area and a small garden shed.

This property would best suit multiple buyers including first home buyers, investors or the handyman/tradesperson with potential to update the kitchen, bathroom, add a fresh coat of paint and new floor coverings to modernise throughout. A current rental return of $280 per week means a potential yield of 6.77%, therefore if you're an investor why not add to your portfolio?!

Offers close Thursday 10th May at 12pm

Property History for 351 Murray St, Colac, VIC 3250

A timeline of how this property has performed in the market
Last Sold
$215,000
17 May 2018
Listed for Rent
21 Aug 2017
  • 17 May 2018
    Sold for $215,000
  • 11 Apr 2018
    Listed for Sale $215,000
  • 03 Jul 2017
    Listed for Rent - Price not available
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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 5,797 properties. Over the last 5 years, Houses in Colac have seen a 32.43% increase in median value, while Units have seen a 11.62% increase. As at 31 March 2026:

  • The median value for Houses in Colac is $505,560 while the median value for Units is $352,687.
  • Houses have a median rent of $483 while Units have a median rent of $400.
There are currently 22 properties listed for sale, and 4 properties listed for rent in Colac on OnTheHouse. According to Cotality's data, 289 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.