Back 1 James Street
Off Market

1 James Street

Colac VIC 3250

3
1
2
604 m²
House
Last sold for $505,000
Kenneth McDonaldKenneth McDonald, last sold this property on 22 June 2026 after 60 days on market.

Overview

Comfort, Space & Return The Complete Package

Set in a convenient pocket of Colac, this well-maintained property presents an excellent opportunity for investors seeking a reliable, low-maintenance asset with solid returns. Designed for practicality and comfort, the home features a functional kitchen with gas cooktop and dishwasher, flowing into a light-filled meals area overlooking a neat, easy-care backyard ideal for long-term tenants wanting low upkeep living. A separate lounge with large windows enhances natural light, while durable slate flooring through the main living zones ensures longevity and minimal maintenance. Bedrooms include built-in robes and quality carpet, supporting consistent rental demand. Year-round comfort is covered with air conditioning, central heating and ceiling fans key features that contribute to tenant satisfaction and retention. A standout inclusion is the substantial 9.5m x 7m shed with dual access from front and rear, offering flexibility as secure parking, storage, or workspace a highly attractive feature for a wide range of tenants. Set on a manageable block, this is a straightforward, set-and-forget investment with the fundamentals already in place. With an estimated rental yield of approximately 5.2%, it offers an appealing return alongside future potential to enhance value over time. A smart addition to any portfolio in a proven regional market.

Features

3 bedrooms
1 bathroom
2 carspaces
604 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Colac over the last 12 months, the estimated median property value of 1 James Street is $499k.

Median value
$499k
Estimated value range
$300k - $840k
Median days on market
36
Estimated value trend
10%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Colac. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1 James Street

2026
Sold
$505,000
Private Sale/Treaty on 22 Jun 2026 by Kenneth McDonald, of Casey McDonald Realty
2020
Sold
$349,000
Private Sale/Treaty on 02 Mar 2020 by Stephen Lugg, of Charles Stewart Real Estate Colac

Happy sellers in Colac

92%
92% of sellers in Colac reported that their sale price either exceeded or met their price expectations.

Colac stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 15 reviews in Colac over the last 12 months.

Local market activity for 3 bedroom houses in Colac

In the last 12 months, 119 three-bedroom houses similar to 1 James Street, have been sold.

This represents a 11% decrease in three-bedroom houses sales when compared to the previous 12 months.

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