5 Morrison Street, Colac, VIC 3250 | Property Value & History | OnTheHouse
OFF MARKET

5 Morrison Street
Colac VIC 3250

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 123m2
Land area: 810m2
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Property Details for 5 Morrison St, Colac

5 Morrison St, Colac is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1940. The property has a land size of 810m2 and floor size of 123m2. While the property is not currently for sale or for rent, it was last sold in February 2024.

Building Type
House
Year Built
1940
Floor Size
123m2
Land Size
810m2
Local Government
Colac Otway
Lot/Plan
1/TP448197

Last Listing description (March 2024)

This charming home is an exciting opportunity for renovators or investors looking for their next project, on a large 810sqm allotment.

While the kitchen may be small, it provides an excellent opportunity for those looking to renovate and add value to the property. A renovation could include upgrading the appliances, replacing the cabinetry and countertops, and adding more storage space, all of which would enhance the kitchen's functionality and modernise its appearance.


The home boasts two living areas, one at the front of the house and the other which could be used as another living area or converted into a bedroom at the rear. This makes the property versatile and ideal for families who require extra space.

The two bedrooms at the front of the house conveniently encircle the bathroom, while the toilet and laundry are situated at the back of the house.

The large backyard provides plenty of space for outdoor entertaining and activities along with numerous shedding and an established vegetable garden. With room to spare you could create a beautiful garden or outdoor entertainment area.

While the property may require some love and attention, it offers endless potential for those willing to put in the effort.

This property presents an exciting opportunity for a developer, maybe a renovator or even an investor to restore and enhance an older-styled home with plenty of character with the potential to become a comfortable family home, an attractive investment property or potential development site.

This property is just a short stroll from the CBD, Bowls Clubs, and Central Reserve, offering easy access to a range of local amenities and attractions.

**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.

Property History for 5 Morrison St, Colac, VIC 3250

A timeline of how this property has performed in the market
Last Sold
$360,000
23 Feb 2024
Listed for Rent
$330/w
16 Oct 2020
  • 23 Feb 2024
    Sold for $360,000
  • 13 Jul 2023
    Listed for Sale Not Disclosed
  • 29 May 2019
    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 5,772 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.