6 Nelson Street Colac VIC 3250

Californian Bungalow | 2963m² Tightly Held Central Lot | 4 Bed 3 Car | 1900 Build Refreshed This property presents a rare opportunity to secure a large, central parcel of land seldom available close to town, offering flexibility and future potential. The house itself, a refreshed Californian Bungalow with an upstairs master retreat, provides immediate comfort on a tightly held block, best serving a buyer seeking space, location, and the option to renovate or redevelop over time. The primary considerations are the 1900 construction age, which necessitates thorough building and pest inspections, and the property’s size, which commands a price premium for land over the dwelling. The commercial logic lies in the scarcity of large lots in this central location, supporting long-term capital growth. This is a hold property for those valuing land banking in a established area. A Propcred report would provide critical validation on its real market valuation, locality-specific risk overlays, and insurance feasibility. Recent sales in Colac are noted, providing general market context. While specific comparable sales data for a property of this unique scale and location is not detailed in the provided information, this underscores the rarity of the offering. The sales history indicates significant equity growth since 2008, highlighting the long-term value of central, sizable lots in this market.