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521-523 Corangamite Lake Road, Cororooke$595,000
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For Salehouse

521-523 Corangamite Lake Road

Cororooke, VIC 3254, Australia
$570,000 – $620,000
6 bed 2 bath1096 m²

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About this property

Set on a single title and cleverly configured as two separate residences, this versatile property presents an outstanding opportunity for investors or families seeking space, flexibility and strong returns at $800 per week! Each home offers three bedrooms and one bathroom, along with split system heating and cooling for year-round comfort. With independent living arrangements and both residences currently leased to two excellent tenants, the property provides an immediate and reliable income stream-making it a true set-and-forget investment with healthy returns already in place. The dual-residence layout also makes this property ideal for extended family living, dual occupancy, or future lifestyle flexibility, delivering generous accommodation and separation when required. Situated in the peaceful rural township of Cororooke, yet located under 10 minutes' drive to Colac, the property enjoys the perfect balance of country living with convenient access to schools, shopping and essential services. A rare single-title dual-residence opportunity offering income, flexibility and location-properties of this calibre are seldom found. Currently has 6.3+% annual yield.

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
6
Bathrooms
2
Land Area
1096 m²
Listed
3 months ago

Repayment calculator

$2,885/month
$1,442 /fortnight
Loan $476,000 at 6.10% over 30 years

Upfront costs

Deposit$119,000
Stamp duty$30,770
Conveyancing (est.)$2,000
Total upfront$151,770
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 Cororooke

This 6-bedroom house in Cororooke, VIC 3254 sits within reach of public transport, local amenities. It is listed 43% below the $1.05m median of 7 comparable houseswithin 5 km.

What's nearby

  • Cororooke Hall/Coragulac-Beeac Rd (bus)555 m away

Cororooke at a glance

Full suburb profile
Population
358
Median age
33
Household income
$1,485/wk
Median rent
$230/wk
Median mortgage
$1,300/mo

Source: ABS Census.

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