41 Gravesend Street, Colac VIC 3250
41 Gravesend Street, Colac VIC 3250
6-bed rarity | 1,746m² land | pool + 5-car | 1949 build | owner-occupier street
The property is distinguished by an uncommon combination of six bedrooms, a 1,746m² lot, and substantial improvements including a pool, shed and five-car accommodation. This configuration is rarely offered on this street, where typical stock is three bedrooms with one or two car spaces. The large landholding and flexible layout are expected to appeal strongly to family upsizers and buyers seeking multi-generational space or serious hobby and vehicle storage. A character feel is contributed by the 1949 build, and the lifestyle offer is enhanced by established gardens and secure parking. The property is best suited to a buyer who values oversized provision across both the home and the outdoor area, and who is prepared to pay for a genuinely rare holding in a stable, owner-occupied street.
Attention may need to be given to the 1949 structure. The six-bedroom count is generous, but individual rooms could be seen as compact given the 181m² internal area. Pool and five-car fit are strengths with maintenance costs. The price point might be considered above this pocket’s usual sales level, which could narrow the buyer pool and affect lending. These factors may be weighed against land and layout.
Detailed Independent Property Report prepared by PropCred Analyst team for 41 Gravesend Street, Colac VIC 3250
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
2
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Market Insight
Colac presents as a stable regional market with solid fundamentals, where house demand significantly outpaces the unit segment. The market is primarily driven by families and couples, reflecting its established community character. Recent house price growth has been steady, supported by strong sales volumes and relatively swift market turnover, while the unit market has experienced price softening. Future growth will hinge on the suburb’s appeal to those seeking affordability and lifestyle, though investor attention may be tempered by divergent performance between asset classes.
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PropCred Estimated Value
Comparable Sales: 17 Gravesend Street (4/1/1, 1,567m²) sold $725k; a 3/2/2 Gravesend Street property sold $570k | Property Price Band: $1.4M–$1.5M | Value Drivers: 1,746m² land size, six-bedroom configuration, pool and shed improvements
Bedrooms
6
Bathroom
3
Parking
5
Land
1746m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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