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43 Wallace Street, Colac$460,000
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Soldhouse

43 Wallace Street

Colac, VIC 3250, Australia
$460,000
3 bed 1 bath 2 car950 m²

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About this property

Set on a generous 950 sqm block, this character-filled weatherboard residence captures the charm of a bygone era with all the essentials for modern living. The classic bullnose veranda with timber fretwork and the white picket fence set a welcoming tone, while inside the home reveals warmth and comfort throughout. The open plan kitchen and living area is the heart of the home, featuring laminate cabinetry with a contrasting timber benchtop, electric cooking and a walk-in pantry, while the adjoining living space is enhanced by a split system and gas wall heater. Three well-proportioned bedrooms include one with a beautiful original fireplace, and the bathroom offers a shower over bath with a separate toilet conveniently located in the laundry. Outdoors, the north-facing entertaining area makes the most of the sunshine, ideal for family gatherings or quiet mornings. A fully fenced yard with neat gardens, a backyard shed and side driveway access adds to the practicality. Adding to its appeal, the property is within easy reach of the Coles complex, Bunnings and the CBD, ensuring both convenience and lifestyle are well catered for. Currently tenanted until January 2026 at $340 per week, this property offers an attractive investment opportunity alongside its lifestyle appeal. *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.

Property Details

Property Type
house
Listing Type
Sold
Bedrooms
3
Bathrooms
1
Parking
2
Land Area
950 m²
Listed
3 months ago

Repayment calculator

$2,230/month
$1,115 /fortnight
Loan $368,000 at 6.10% over 30 years

Upfront costs

Deposit$92,000
Stamp duty$22,670
Conveyancing (est.)$2,000
Total upfront$116,670
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Colac

This 3-bedroom house in Colac, VIC 3250 sits within reach of public transport, local shops and nearby schools. It is listed 23% below the $599,935 median of 71 comparable houseswithin 5 km.

Schools near Colac

  • Lake Colac Schoolcombined · U · CoEd
  • Colac Primary Schoolprimary · Prep-6 · CoEd
  • Colac South West Primary Schoolprimary · Prep-6 · CoEd
  • Colac West Primary Schoolprimary · Prep-6 · CoEd
  • Colac Secondary Collegesecondary · 7-12 · CoEd
  • Trinity College Colacsecondary · 7-12 · CoEd

What's nearby

  • Colac Bus Interchange/Gellibrand St (bus)924 m away
  • Kaisercraft Colac360 m away
  • Lawrence Court Park827 m away
  • Memorial Square842 m away
  • Inglis Court Park1.4 km away

Colac at a glance

Full suburb profile
Population
9,243
Median age
44
Household income
$1,108/wk
Median rent
$260/wk
Median mortgage
$1,213/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Colac price trend

Median sold · House 3 bed

Compound growth +2.2% / yr over 4 yrs

$500kcurrent median

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