521 Corangamite Lake RoadCororooke VIC 3254
Property Details for 521 Corangamite Lake Rd, Cororooke
521 Corangamite Lake Rd, Cororooke is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1920. The property has a land size of 1081m2 and floor size of 114m2. While the property is not currently for sale or for rent, it was last sold in July 2021.
Last Listing description (January 2026)
Set on a single title and cleverly configured as two separate residences, this versatile property presents an outstanding opportunity for investors or families seeking space, flexibility and strong returns.
Each home offers three bedrooms and one bathroom, along with split system heating and cooling for year-round comfort. With independent living arrangements and both residences currently leased to two excellent tenants, the property provides an immediate and reliable income stream-making it a true set-and-forget investment with healthy returns already in place.
The dual-residence layout also makes this property ideal for extended family living, dual occupancy, or future lifestyle flexibility, delivering generous accommodation and separation when required.
Situated in the peaceful rural township of Cororooke, yet located under 10 minutes' drive to Colac, the property enjoys the perfect balance of country living with convenient access to schools, shopping and essential services.
A rare single-title dual-residence opportunity offering income, flexibility and location-properties of this calibre are seldom found.
Currently has 6.3+% annual yield.
Property History for 521 Corangamite Lake Rd, Cororooke, VIC 3254
- 21 Jan 2026Listed for Sale Auction Guide - $600,000 - $660,000
- 23 Jul 2025Listed for Rent $400 / week
- 28 Feb 2023Listed for Rent $390 / week
Recent sales nearby
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0About Cororooke 3254
The size of Cororooke is approximately 18.2 square kilometres. The population of Cororooke in 2016 was 310 people. By 2021 the population was 358 showing a population growth of 15.5% in the area during that time. The predominant age group in Cororooke is 10-19 years. Households in Cororooke are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Cororooke work in a trades occupation.In 2021, 81.00% of the homes in Cororooke were owner-occupied compared with 82.40% in 2016.
Cororooke has 190 properties. Over the last 5 years, Houses in Cororooke have seen a 10.41% increase in median value, while Units have seen a 29.16% increase. As at 31 December 2025:
- The median value for Houses in Cororooke is $425,409 while the median value for Units is $386,923.
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