Back 50 Wallace Street
Off Market

50 Wallace Street

Colac VIC 3250

3
1
2
556 m²
House
Last sold for $485,000
Stephen LuggStephen Lugg, last sold this property on 13 March 2026 after 16 days on market.

Overview

A WELL-EQUIPPED HOME FOR MODERN LIVING

50 Wallace Street presents a well-maintained three-bedroom home that balances comfort with practical design. Each bedroom is generously proportioned and fitted with built-in robes, ceiling fans and timber flooring. The main living area is filled with natural light and centred around a gas fire, complemented by a split system and gas ducted heating throughout to ensure year-round comfort. The kitchen is designed for functionality, offering gas cooking, ample bench space and substantial storage. A full butler's pantry provides additional preparation space, a second sink and a dishwasher, allowing the main kitchen to remain streamlined and highly usable. The modern bathroom includes a shower, vanity and toilet, with the added convenience of a second toilet positioned off the laundry. Outdoors, a substantial undercover entertaining area connects the home to an impressive 5.5m x 12.5m shed, providing exceptional space for vehicles, storage, a workshop or hobby use. The yard is enclosed and low maintenance, offering privacy without the upkeep. Located within an established pocket of Colac, the property enjoys close proximity to schools, parks and everyday amenities. Independent rental appraisal on this property is $500 per week approx. DISCLAIMER: While utmost care has been taken to verify the accuracy of the information provided above, it should not be construed as a representation by the vendor or the agent/agency. All stated dimensions are approximate only. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent.

Features

3 bedrooms
1 bathroom
2 carspaces
556 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 50 Wallace Street is $490.5k.

Median value
$490.5k
Estimated value range
$300k - $840k
Median days on market
36
Estimated value trend
9%
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 50 Wallace Street

2026
Sold
$485,000
Private Sale/Treaty on 13 Mar 2026 by Stephen Lugg, of Charles Stewart Real Estate Colac
2025
Rented
Undisclosed
Leased on 16 Dec 2025 by Ray White Colac
2025
Rented
Undisclosed
Leased on 20 Mar 2025 by Ray White Colac

Happy sellers in Colac

90%
90% 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 14 reviews in Colac over the last 12 months.

Local market activity for 3 bedroom houses in Colac

In the last 12 months, 110 three-bedroom houses similar to 50 Wallace Street, have been sold.

This represents a 7% increase in three-bedroom houses sales when compared to the previous 12 months.

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