Lot 314 Lady Franklin St, Colac VIC

Colac, Colac Otway, VIC, 3250

$ 877,000

Colac, Colac Otway, VIC, 3250
Dual Key Investment Property in Colac, VIC (6.05% Yield) | Aus Investment Properties - Photo 1
Dual Key Investment Property in Colac, VIC (6.05% Yield) | Aus Investment Properties - Photo 2
Dual Key Investment Property in Colac, VIC (6.05% Yield) | Aus Investment Properties - Photo 3
Dual Key Investment Property in Colac, VIC (6.05% Yield) | Aus Investment Properties - Photo 4

Property Images

Dual Key Investment Property in Colac, VIC (6.05% Yield) | Aus Investment Properties - Photo 1 Dual Key Investment Property in Colac, VIC (6.05% Yield) | Aus Investment Properties - Photo 2 Dual Key Investment Property in Colac, VIC (6.05% Yield) | Aus Investment Properties - Photo 3 Dual Key Investment Property in Colac, VIC (6.05% Yield) | Aus Investment Properties - Photo 4
  • Dual Key
  • Property Type
  • 4+2
  • Bedrooms
  • 2+1
  • Bathrooms
  • 2
  • Cars
  • 238

Details

Updated on Sep 15, 2026

Property Type: Dual Key
Price: $ 877,000
Land Price: $ 372,000
Build Price: $ 505,000
Gross Per Week: $ 1020*
Gross Per Annum: $ 53,040
Gross Yield: 6.05%
Capital Growth 12 Months: -2.02%
10Yr Annualised Growth: 7.42%
Vacancy Rate: 0.79%
Property Size: 238 m2
Land Area: 854 m2
Bedrooms: 4+2
Bathrooms: 2+1
Parking: 2
Title Status: ‌June 2026
Property ID: 30627
SKU: 1029
Sold: Sep 15, 2026

Description

This modern Dual Key in Colac delivers a compelling opportunity for both investors and homeowners. Featuring 4+2 bedrooms, 2+1 bathrooms and 2 car space/s, it is designed to maximise space, comfort and functionality. Its contemporary design ensures low maintenance while maintaining strong visual appeal. Located in a high-growth area, it supports both steady rental income and long-term appreciation. A property built with both practicality and performance in mind.


Suburb profile:

Colac is a regional town in Victoria known for its affordability, community atmosphere, and close proximity to the scenic Otway Ranges. With schools, parks, shops, and healthcare facilities nearby, it provides essential infrastructure and lifestyle benefits for both families and renters. As Colac continues to grow, so too does the demand for well-designed, affordable rental properties.


Inclusions:

  • 100% full turnkey dual occupancy package including landscaping, fencing, and driveway
  • Two fully self-contained dwellings designed for dual living or dual income potential
  • High ceiling height throughout (as per builder standard)
  • Energy-efficient design in line with current building standards
  • Award-winning builder with extensive industry experience

Site Inclusions-Site Works, Foundations & Connections:

  • Fixed price site costs including standard site works
  • Engineered slab and structural framing
  • All required permits, survey, and drafting plans included
  • All service connections (excluding consumer account opening and fibre connections if applicable)
  • Termite treatment for long-term protection

Preliminary Inclusions:

  • Developer-approved façade and siting
  • Design compliant with Australian building regulations
  • Independent quality inspections throughout construction

Internal Inclusions:

  • Combination of timber laminate flooring, carpet, and tiles (as per plan)
  • Tiles to wet areas including bathrooms, ensuite, WC, and laundry
  • Plasterboard walls, ceilings, and cornice throughout
  • Quality skirting and architraves with painted finish
  • Internal doors with modern lever handles
  • Built-in robes with shelving and hanging rails
  • Window furnishings included (as per builder standard)
  • Separate living, kitchen, and sleeping zones for each dwelling

External Inclusions:

  • Roof tiles and external finishes as per builder colour scheme
  • Colorbond fascia, gutters, and downpipes
  • Brick veneer or equivalent external construction
  • Feature front entry door with secure locking system
  • External finishing elements including painted infills and porch ceiling (as applicable)
  • Letterbox and property numbering

Landscaping Inclusions:

  • Front and rear landscaping including turf, garden beds, and mulch
  • Fencing to all boundaries including internal separation fencing where required
  • Concrete driveway and perimeter paths
  • External areas designed for functional separation between dwellings

Electrical Inclusions:

  • LED lighting throughout
  • Power points, TV, and data provisions (as per plan)
  • Smoke detectors and safety switches in compliance with regulations
  • External lighting (as per builder standard)

Appliance Inclusions:

  • Quality stainless steel kitchen appliances (size and specification as per plan)
  • Cooktop, oven, and rangehood
  • Dishwasher (main dwelling or as specified)
  • Sink with mixer tap to each kitchen

Upgraded Inclusions:

  • Stone benchtops to kitchen areas
  • Laminate cabinetry with overhead cupboards
  • Tiled splashback to kitchen
  • Modern bathroom fittings and fixtures
  • Garage with remote access (as per design)

Furniture Pack Inclusions:

  • Optional furniture package available at additional cost

Energy Efficiency:

  • Energy-efficient construction in line with current requirements
  • Insulated walls and ceilings
  • Water-efficient fixtures and fittings
  • Hot water system (type as per builder specification)

Warranties:

  • Builder’s structural warranty
  • Manufacturer warranties on appliances and fittings
  • Maintenance period as per builder agreement

This property represents a balanced investment, offering both lifestyle comfort and strong growth potential. Its design, location and functionality make it a dependable choice for investors and homeowners alike. A smart decision for those looking toward the future.

Dual Key Properties stand as a prime choice for investors seeking innovative solutions to maximise their returns.

These properties are ingeniously designed to include two separate living spaces within one structure, allowing for dual rental income streams from a single investment.

This setup not only enhances the property's rental yield but also offers flexibility in tenant demographics, ranging from young professionals to small families.

The distinct separation of spaces ensures privacy while maintaining the potential for a communal lifestyle, catering to the modern tenant's desire for adaptable living arrangements.

Floor plans

Dual Key Investment Property in Colac, VIC (6.05% Yield) | Aus Investment Properties - Floor Plan 1

Forecasted value over 20 Years

Forecasted value is based on the 10 Year annualised growth.

Address Lot 314 Lady Franklin St, Colac VIC
City Colac Otway
State VIC
Postcode 3250
Suburb Colac
Estate Clearwater Estate

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ENQUIRE ABOUT THIS PROPERTY

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  • High-yielding properties.
  • Independent rental assessment.
  • Full turnkey properties, 'Ready to Rent'.
  • Brand new properties with builders warranty.
  • High quality, highly specified properties.
  • Tax and depreciation benefits from new properties.
  • Buy direct from the builder.
  • Investor or SMSF.
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Capital Growth 12 months, measures the increase in a property’s value over the previous 12 months, indicating how much the investment has appreciated in that timeframe.

Capital Growth 10-year annualised, reflects the average annual increase in a property’s value over the last decade, smoothing out short-term fluctuations to show long-term appreciation trends.

Vacancy Rate, indicates the percentage of properties that are currently unoccupied in that postcode, It’s a key indicator for investors to assess the rental demand.

SMSF Property Investing, when investing inside your SMSF there are some restrictions on how you can purchase investment properties. We use the following information to help navigate the SMSF investment property options.

This property is a single-contract property suitable for an SMSF.

SMSF Single Contract

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