2 Flaxmill Rd, Colac East is a 3 bedroom, 2 bathroom House with 10 parking spaces. The property has a land size of 131713m2. While the property is not currently for sale or for rent, it was last sold in June 2020.
If youre looking for country living with close proximity to the city, then this is the perfect property for you. Situated on the eastern fringe of Colac and still only a 45min drive to Geelong, overlooking 32.5 acres and Lake Colac, it is just the type of tranquility that you want to wake up to every morning. Much of the work is done and the setup is in place to start running your own cattle with all electric fencing surrounding the property inc 5 separate paddocks in place. 3-phase power, colourbond shedding (13.5m x 12m) with mezzanine floor and second and third sheds.
The home itself is a quality, locally built home; 9 foot ceilings with 3 bedrooms all with built-in robes, (master with full en-suite), plus large study, central family bathroom with corner spa bath. Kitchen / dining / living area is the hub of the home with large walk-in pantry, electric cook top, 2 ovens, with plenty of cupboard space, all in Blackwood timber with lake views, for the perfect start to your day. Add to this double lock-up remote garage , zoned ducted heating & cooling, solar hot water service with gas booster, 20 solar panels and fully completed veggie garden inc fully netted fruit tree enclosure.
The size of Colac East is approximately 5.4 square kilometres. It has 4 parks covering nearly 0.1% of total area. The population of Colac East in 2016 was 217 people. By 2021 the population was 168 showing a population decline of 22.6% in the area during that time. The predominant age group in Colac East is 20-29 years. Households in Colac East are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Colac East work in a labourer occupation.In 2021, 62.10% of the homes in Colac East were owner-occupied compared with 53.20% in 2016.
Colac East has 257 properties. Over the last 5 years, Houses in Colac East have seen a 32.13% increase in median value, while Units have seen a 289.70% increase. As at 30 April 2026:
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