2/399 Murray Street, Colac VIC 3250

Nearly new unit in Colac | three bedrooms two bathrooms | low-maintenance brick build | strong rental yield potential This property presents a rare configuration edge for Colac: a near-new brick unit with three bedrooms and two bathrooms on a manageable 223sqm block. For a buyer seeking immediate occupancy with minimal upkeep, the modern build standards—including built-in robes, ducted heating, air conditioning, and a fully fenced courtyard—remove the typical renovation burden. The master ensuite and two-car parking lift its appeal for professionals or downsizers, while the school catchment for Colac South West Primary and Colac Secondary College broadens its tenant pool. Its positioning within the Colac Otway LGA avoids bushfire, flood, and heritage overlays, simplifying insurance and future development potential. The primary risk is the price premium over valuation estimates, which sit roughly $26,000–$48,000 below the current list price, meaning the buyer must negotiate hard to avoid immediate negative equity. The property’s age—only three years—means depreciation benefits remain strong for an investor, and the estimated rental return of $635 per week supports a viable yield if acquired near the lower end of the range. NBN FTTP and 5G coverage are functional but not decisive. Hold for rental income or occupy for low-cost living; resale will depend on Colac’s market trajectory, not the unit itself.