3 Richard St, Colac, Vic 3250

Have you been looking for a new investment property that already has all the work done for you, is completely rental compliant and has tremendous, established, long term renters at a great return? This renovated, low maintenance, clad, three bedroom home ticks all of those boxes, and more. Humble and classic on the outside and modern and exciting on the inside, this home is sure to get you interested from the first look.


The main living space has been converted into a large open plan living area complete with an as-new, functional, spacious kitchen, equipped with ample storage. The kitchen has new gas appliances and all surfaces including the island bench/breakfast bar are finished with an eye-catching marble top. Completed with a dishwasher and room to enjoy whilst still being connected to the family, this kitchen is a cook's dream.   

The lounge, with timber polished boards, is light, bright, and finished exquisitely. Comfort is assured year-round with gas heating and split system air conditioning both featuring. Three large bedrooms (two with built-in robes) boast north facing windows that bathe the rooms in natural light and warmth.

The bathroom is centrally located with easy access to the master bedroom and is freshly tiled with a shower over bath, neat and modern vanity, and central toilet. There is also the added convenience of a second toilet separate from the laundry to ensure the home is as usable as possible for its occupants and guests.

The yard is well fenced and easy to maintain and offers the luxury of a large double car free standing garage complete with power and concrete flooring. With extra concreted parking space for boats and caravans, any needs are sure to be covered.

The home has been well cared for with all rental compliance completed and updated and all maintenance attended as requested. The current renter is immaculate and a benefit to any investor. Currently under lease until April 2026 at a rental of $410 per week with a built in rental increase to $420 per week due April 2025.

Walking distance to all amenities including Colac Secondary College, Coles, Bunnings, Central Reserve and Blue Water, this one is a must see for any investor portfolio!