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2 Ross St, Colac, Vic 3250 For Sale
2 Ross St, Colac, Vic 3250 2 Ross St, Colac, Vic 3250-Image 2 Ross St, Colac, Vic 3250-Image 2 Ross St, Colac, Vic 3250-Image 2 Ross St, Colac, Vic 3250-Image 2 Ross St, Colac, Vic 3250-Image 2 Ross St, Colac, Vic 3250-Image 2 Ross St, Colac, Vic 3250-Image 2 Ross St, Colac, Vic 3250-Image 2 Ross St, Colac, Vic 3250-Image 2 Ross St, Colac, Vic 3250-Floorplan

2 Ross St, Colac, Vic 3250

$470,000

House
Type
3
Bedrooms
1
Bathrooms
3
Parkings
575 mΒ²
Area

Published on Wednesday, October 14, 2026 ( See property details for 2 Ross St, Colac, Vic 3250)

$470,000

Open on Saturday 17 October 10:00 am | View All

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile family home in Colac with a spacious backyard, a large shed, and excellent potential for renovation or investment.

🏑 Property Highlights

  • Short walk to Lake Colac offering scenic lifestyle benefits
  • Generous backyard ideal for children, pets, and outdoor activities
  • 6m x 9m Colorbond shed perfect for storage, hobbies, or workshop
  • Potential to renovate and personalise the interior spaces
  • Currently returning $470 per week with a gross rental yield of 5.2%
  • Excellent opportunity for first-home buyers, families, or investors

✨ Key Features

  • Garage
  • Outdoor Area
  • Built-in Robes
  • Open-Plan Living
  • Workshop
  • Fully fenced
  • Water tank
  • Garden / courtyard
  • Security Screens / Gates
  • Pet-Friendly
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2 Ross St
Colac, VIC 3250
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Vertical aerial view β€” 2 Ross St
2 Ross St — Vertical Aerial  •  Colac, VIC 3250  •  Nearmap © 2026

Colac offers a vibrant community with scenic lake views, excellent local schools, shopping, and sporting facilities. Its relaxed lifestyle is complemented by easy access to outdoor recreation and essential amenities, making it an ideal location for families and investors alike. The area boasts a mix of established homes and potential for future growth, all within a friendly neighbourhood setting.

What potential does the property have for future renovations?
The home offers a practical layout with scope for updates and personalisation, including the kitchen and living areas, to enhance its value and comfort.
Is the property suitable for investment purposes?
Yes, currently returning $470 per week with a gross rental yield of approximately 5.2%, making it an attractive option for investors.
What outdoor features are included?
The property features a generous backyard, a 6m x 9m Colorbond shed, and a secure, fully fenced outdoor area suitable for pets and children.
Are there any additional storage options?
Yes, the large Colorbond shed provides ample space for storage, hobbies, or a workshop.
What amenities are nearby?
The property is within walking distance to Lake Colac, with local schools, shops, sporting facilities, and other amenities easily accessible.
Are there any planning or zoning restrictions that could affect future renovations or extensions? Has the property been inspected for structural issues or pest infestations? Are there any existing easements or covenants on the land? What are the council rates and any additional property taxes? Is there any history of flooding or bushfire risk in the area? Are there any upcoming developments or construction projects nearby that could impact the property? What are the terms of the current lease agreement, and are there any restrictions for tenants? Are there any known issues with the property's plumbing, electrical systems, or foundation? Is the property compliant with all local building codes and regulations? What are the ongoing maintenance costs for the property and the shed?

2 Ross St, Colac, Vic 3250 - More Details

$470,000

Welcome to 2 Ross Street, Colac, a property offering plenty of potential, just a short walk from the picturesque Lake Colac. Featuring three bedrooms, a generous backyard and a 6m x 9m Colorbond shed, this home presents an excellent opportunity for first-home buyers, families or investors looking to secure a property with room to add value.

From the moment you arrive, the home offers a welcoming feel and plenty of scope to make it your own. Inside, the practical layout provides a starting point for those looking to make improvements and personalise the home to suit their own style. The kitchen and dining area offer a functional space for everyday living, with further potential to update and enhance over time.

The home features three bedrooms, providing flexibility for families, couples or those needing extra space for a home office or guest accommodation. Whether you're looking to renovate, modernise or add value over time, there is plenty of opportunity to make this property your own.

Outside, the generous backyard offers plenty of room for children and pets to enjoy, space for gardening and outdoor entertaining, or scope to explore future improvements, subject to council approval. Adding further appeal is the 6m x 9m Colorbond shed, providing valuable extra space for storage, hobbies, a workshop or those needing room for tools and equipment.

For investors, the property is currently returning $470 per week, equating to an approximate gross rental yield of 5.2%. This provides an attractive income opportunity while still offering scope to improve the property and potentially add value over time.

Enjoy the lifestyle benefits of being just a short walk from Lake Colac, with local schools, shops, sporting facilities and everyday amenities also within easy reach.
Whether you're entering the property market, searching for your next family home or looking for an investment opportunity, 2 Ross Street offers an excellent opportunity for buyers looking to roll up their sleeves and unlock its potential.

Bring your vision and discover the possibilities at 2 Ross Street, Colac.
Type
House
Bedrooms
3
Bathrooms
1
Parkings
3
Area
575 mΒ²

Price guide

View Statement Of Information

in compliance with Estate Agents Act 1980

Inspections times

  • Inspection Sat 17 Oct 10:00 am

    Saturday 17 October
    10:00 am - 10:20 am
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Map & nearby places — 2 Ross St, Colac, Vic 3250

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