Back 40 Wallace Street
Off Market

40 Wallace Street

Colac VIC 3250

917 m²
Land
Last sold for $285,000
Jake TheodoreJake Theodore, last sold this property on 08 April 2026 after 260 days on market.

Overview

Central Colac Opportunity...

This generous 917sqm block of land offers a fantastic opportunity to secure a well-positioned parcel in the heart of Colac. Boasting a desirable location, it is just a short stroll to Bunnings, the Coles complex, and other essential amenities. With services available and both a planning permit and development plans already in place, this property provides a head start for those looking to build their dream home or invest in a prime development site. An excellent chance to capitalise on a central location with convenience at your doorstep. *All information about the property has been provided to Richardson Real Estate by third parties. Richardson Real Estate has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to this property.

Features

917 m² lot size
Land

Estimated Value

Based on this property and similar land plots sold in Colac over the last 12 months, the estimated median property value of 40 Wallace Street is $275k.

Median value
$275k
Estimated value range
$187k - $380k
Median days on market
298
Estimated value trend
-10%
decrease 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 40 Wallace Street

2026
Sold
$285,000
08 Apr 2026 by Jake Theodore, of Richardson Real Estate Colac
2023
Sold
$291,000
Auction Sale on 19 Aug 2023 by Lorin Fisk, 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 land plots in Colac

In the last 12 months, 11 land plots similar to 40 Wallace Street, have been sold.

This represents a 33% decrease in land plots sales when compared to the previous 12 months.

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