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1/28 Hewitt St

Colac, VIC 3250, Australia

3 bed 1 bath 1 car

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AI Valuation Estimate

$399,500 – $450,500

Based on recent comparable sales in Colac

+6.2% suburb growth over 12 months

🏫

8.4/10

Schools

🚇

87/100

Walk Score

📈

+6.2%

Growth

🛡️

9.1/10

Safety

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Property Insights

Schools · zoning · transport · traffic · flood · bushfire · crime · development · heritage

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Traffic

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Bushfire risk

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Heritage

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About this property

Set in an exceptionally convenient position just a short stroll from the Main Street and the ever-popular Western Oval, this solid brick three-bedroom unit presents an outstanding opportunity for astute investors seeking reliable returns and long-term capital growth. Currently returning $430 per week and securely tenanted until October 2026, the property offers immediate income with the benefit of a fixed lease in place, providing peace of mind and cash flow certainty from day one. Constructed from durable brick for lasting performance and minimal maintenance, the property offers a practical and well-designed floorplan that appeals strongly to quality tenants. The three generously proportioned bedrooms provide comfortable accommodation for families, professionals, or shared living arrangements, while the functional layout ensures easy day-to-day living. Its solid build and low-upkeep nature make it an ideal "set and forget" addition to any investment portfolio. Location is the true highlight. Being within walking distance to Main Street means tenants can enjoy immediate access to cafés, retail shopping, essential services, schools, and public transport. The proximity to Western Oval further enhances the lifestyle appeal, offering open green space, sporting facilities, and recreational opportunities right at the doorstep. Properties in walkable, amenity-rich locations consistently attract strong rental demand and experience lower vacancy rates, making this a smart acquisition for investors focused on performance and stability. Whether you are expanding your portfolio or securing your first investment property, this well-positioned, income-producing unit represents a compelling opportunity in a tightly held area where convenience drives demand and solid returns speak for themselves. Enquire today to secure a quality asset in a location that tenants will always value.