4 Campbell Street, Colac VIC 3250
4 Campbell Street, Colac VIC 3250
Character brick house | 3-bed or 2+study flexibility | Two bathrooms rare for older stock | High ceilings and original features | Quiet street, schools & CBD
A brick house with classic character is presented, retaining high ceilings and original features. Two bathrooms are included, which is uncommon in Colac’s older housing, and the floorplan is offered as three bedrooms or two bedrooms plus a study. That flexibility is appreciated by downsizers and first-home buyers, particularly those wanting character without a large block. The property is located on a quiet street within easy reach of the CBD and schools, fitting the established residential feel of the area. A three-bedroom, two-bathroom home of this type is considered appealing for families and investors.
Value may be influenced by the condition of the original features, with kitchen and bathroom finishes likely to be a key consideration. Upgrading requirements might reduce the price ceiling, while the rare two-bathroom layout may support a premium over standard stock. Land size is thought to be moderate, which might limit appeal for some families but not for downsizers. Colac’s steady but unspectacular growth is likely to be reflected in modest appreciation, so the final price is expected to hinge on presentation and the authenticity of the character details.
Detailed Independent Property Report prepared by PropCred Analyst team for 4 Campbell Street, Colac VIC 3250
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
2
URL has been copied successfully!
Market Insight
Colac VIC 3250 sits as an affordable regional centre where house prices have climbed to $486,000, posting annual growth of 5.42% and a tight 32-day selling period. Demand is driven primarily by owner-occupiers—childless couples, families, and single parents—attracted to the combination of sub-$500,000 entry pricing and gross house yields of 5.06%, well above metropolitan averages. Units present a contrasting story: the $390,000 median has contracted by 4.88% annually, indicating softer appetite despite comparable yields and $390 weekly rents. Sales volume, ranging from 127 to 184 in the past year, confirms an active but shallow market. The key constraint is the unit segment, where negative capital growth may reflect oversupply or weaker buyer preference. Overall, houses show resilient demand, while the divergent unit performance warrants caution for investors seeking balanced growth.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 37 Campbell St (2-bed) sold $370k | Property Price Band: $450k-$550k | Value Drivers: flexible layout, two baths, character condition
Bedrooms
2
Bathroom
1
Parking
-
Land
588m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!