1 James Street, Colac

Comfort, Space & Return – The Complete Package Set in a convenient pocket of Colac, this well-maintained property presents an excellent opportunity for investors seeking a reliable, low-maintenance asset with solid returns. Designed for practicality and comfort, the home features a functional kitchen with gas cooktop and dishwasher, flowing into a light-filled meals area overlooking a neat, easy-care backyard — ideal for long-term tenants wanting low upkeep living. A separate lounge with large windows enhances natural light, while durable slate flooring through the main living zones ensures longevity and minimal maintenance. Bedrooms include built-in robes and quality carpet, supporting consistent rental demand. Year-round comfort is covered with air conditioning, central heating and ceiling fans — key features that contribute to tenant satisfaction and retention. A standout inclusion is the substantial 9.5m x 7m shed with dual access from front and rear, offering flexibility as secure parking, storage, or workspace — a highly attractive feature for a wide range of tenants. Set on a manageable block, this is a straightforward, set-and-forget investment with the fundamentals already in place. With an estimated rental yield of approximately 5.2%, it offers an appealing return alongside future potential to enhance value over time. A smart addition to any portfolio in a proven regional market.