148 Hearn Street, Colac VIC 3250
148 Hearn Street, Colac VIC 3250
Corner block | 3 bed 1985 build | ducted heating | fully fenced | near Colac Secondary
The property sits on a 691mยฒ corner block with 38% building coverage, which is a rare configuration in this price band. The single-storey layout, built-in robes, and established low-maintenance gardens give it a practical edge for families or investors seeking minimal upkeep. Its position near Colac Secondary College and full fencing add to its appeal for owner-occupiers with children. The recent 2025 update and ducted heating mean fewer immediate capital demands, and the corner lot offers future subdivision potential subject to council approval.
The main risk is the 1985 build age, which may require roof or plumbing attention within five years. No heritage or flood overlays reduce regulatory friction, but the 38% coverage limits extension options without planning. The property is priced near the suburb median, so capital growth will track Colacโs broader market,modest but stable. For a buyer, hold this as a low-maintenance rental or family home, and consider a boundary realignment if zoning allows.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 148 Hearn Street, Colac VIC 3250
Market Insight: Colac VIC 3250
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.