68 Polwarth St S, Colac is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1960. The property has a land size of 808m2 and floor size of 124m2. While the property is not currently for sale or for rent, it was last sold in August 2019.
Set behind the lovely front garden, this three-bedroom family home has plenty to offer. The spacious front entry is currently set up as a study, but you have options to be creative with this space. The living area has an open-plan design but retains that cosy country feel. The updated kitchen features a stainless-steel gas cooktop, electric oven and plenty of cupboard space. The home is serviced by two split systems for year-round comfort. Two of the three bedrooms have built in robes and the main bedroom features an alcove looking out over the garden. The bathroom comprises a vintage style basin and bath with separate toilet and large shower off the laundry, there is potential to modernise and add instant value. Outside there is a large undercover entertaining area, a nice big backyard for the kids and pets and a well-established garden. Ideal for the investor as the property is currently leased at $320pw to a very good tenant who is keen to stay on. The property is situated within walking distance to Colac East primary school, local IGA, Lake Colac and Colac CBD.
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:
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