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5 Lady Franklin Street, Colac, Vic 3250 For Sale
5 Lady Franklin Street, Colac, Vic 3250 5 Lady Franklin Street, Colac, Vic 3250-Image 5 Lady Franklin Street, Colac, Vic 3250-Image 5 Lady Franklin Street, Colac, Vic 3250-Image

5 Lady Franklin Street, Colac, Vic 3250

$285,000-$305,000

Residential Land
Type
512 m²
Area

Published on Saturday, October 24, 2026 ( See property details for 5 Lady Franklin Street, Colac, Vic 3250)

$285,000-$305,000

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

A prime east-facing 512 m² residential land parcel in the sought-after Clearwater Rise estate, offering lakeside living and future growth potential in Colac.

🏡 Property Highlights

  • Premium estate location in sought-after Clearwater Rise
  • Lakeside living just moments from Lake Colac
  • East-facing allotment ideal for natural light and living spaces
  • Generous 512 m² block with flexible building options
  • Close proximity to Colac town centre and amenities
  • Part of a master-planned community with parks and recreational facilities

✨ Key Features

  • Open-Plan Living
  • Waterfront / Views
  • Built in robes
  • Outdoor Area
  • Pet-Friendly
  • Secure Parking
  • Water tank
  • High energy efficiency
  • Floorboards
  • BBQ Area

Colac offers a vibrant regional lifestyle with a strong economic base in agriculture, manufacturing, and healthcare. The suburb features excellent amenities, schools, and healthcare services, all within a scenic lakeside setting. Its strategic location provides easy access to the Great Ocean Road, Otways, and Victoria’s coast, making it ideal for outdoor enthusiasts. With ongoing growth and development plans, Colac is an attractive choice for families and investors seeking a relaxed yet connected community.

What are the building restrictions and requirements for this land?
Building restrictions are subject to local council regulations and planning requirements, which should be confirmed with the Colac Otway Shire Council before proceeding.
Is the land suitable for sustainable or energy-efficient homes?
Yes, the east-facing orientation and available features like water tanks and high energy efficiency options make it suitable for sustainable building practices.
What amenities and services are available nearby?
The property is close to Colac town centre, offering shopping, supermarkets, cafes, healthcare, schools, and recreational facilities.
Are there any planned developments or infrastructure projects in the area?
Colac's long-term growth is supported by the Colac 2050 plan, which includes residential expansion and infrastructure development, though specific projects should be confirmed with local authorities.
What outdoor activities and natural attractions are accessible from this location?
Residents can enjoy lakeside activities at Lake Colac, explore the Otways, and access the Great Ocean Road for outdoor adventures and coastal visits.
Are there any easements, covenants, or zoning restrictions affecting the land? Has the land been tested for soil stability and flood risk? Are there any existing planning permits or approvals required before building? What are the future infrastructure plans that might impact the area? Is there any nearby construction or development activity that could cause noise or disruption?

5 Lady Franklin Street, Colac, Vic 3250 - More Details

$285,000-$305,000

Sahil Saran and One Agency Property Partners proudly present an exceptional land opportunity in Clearwater Rise, Colac.
- A Premium Estate Location – Enjoy the appeal of Clearwater Rise, a sought-after residential estate offering the opportunity to build your dream home in Colac.
- Lakeside Living – Positioned just a stone's throw from Lake Colac, enjoy the beauty of the surrounding landscape, fresh air and a relaxed regional lifestyle.
- East-Facing Allotment – A desirable east-facing orientation, ideal for buyers looking to plan a home around their preferred natural light and living spaces.
- Generous 512 m² Block – Measuring approximately 16 m × 32 m, this well-proportioned allotment offers flexibility when planning your future home, subject to applicable building requirements.
- Close to Colac Town Centre – Enjoy convenient access to local shopping, supermarkets, cafés, essential services and everyday amenities.
- A Connected Location – Colac provides access to regional services, schools, healthcare, recreation and transport connections, making it an appealing option for families and lifestyle buyers.
- Gateway to the Great Outdoors – Explore the Great Ocean Road, the Otways and the surrounding region, with opportunities for weekend escapes and outdoor adventures.
- A More Accessible Lifestyle – Experience the space and relaxed pace of regional living while remaining connected to the wider Victorian region.
- A Master-Planned Community – Clearwater is designed to bring together residential living, open green spaces and community recreation, with planned wetlands, parks, playgrounds and sports facilities.

Part of Colac's Growth Story – Colac's long-term planning strategy, Colac 2050, identifies a vision for a population of 20,000 by 2050, supported by planned residential growth and infrastructure.

- A Regional Employment Hub – Colac has an established economic base spanning agriculture, food production, manufacturing, healthcare, education and retail, supporting its role as a key regional service centre.

- Future Residential Demand – Clearwater is contributing to Colac's housing supply, with strong demand reported for earlier stages of the estate. While future property values are never guaranteed, this provides useful context for buyers considering the area's long-term potential.

- A Lifestyle That Stands Apart – Combine the tranquillity of lakeside surroundings with established town conveniences and access to some of Victoria's most popular coastal and nature destinations.

- Build Now or Plan for the Future – Whether you're looking to build your family home or secure a parcel of land for a longer-term investment, this allotment offers an opportunity to become part of Colac's evolving residential community.
A rare opportunity to secure your own piece of Clearwater — where lakeside living, everyday convenience and Colac's future come together.

Marketing note: Future growth, amenities and infrastructure are subject to planning, funding and delivery. Population targets are projections, not guarantees of growth or investment returns.

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.
Type
Residential Land
Area
512 m²

Price guide

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Map & nearby places — 5 Lady Franklin Street, Colac, Vic 3250

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School catchments

Government school zones this property is inside, from the outlines we hold. A zone can change, and being in a zone is not a guarantee of a place, so check with the school or the education department.

Other schools nearby

Schools within about 5 km that have no enrolment zone, such as Catholic, independent, special and selective schools.

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