Let's be completely honest right from the start-you aren't buying this property because it's "perfect." You're buying it for the incredible upside, the rock-solid bones, and a rare coastal opportunity where the possibilities are endless!

Welcome to 42 & 44 Bungalow Hill. Perched in the iconic coastal haven of Colac Bay, this unique package offers astute buyers the ultimate chance to add serious value. Whether you are looking for a project, a spacious family home, or the ultimate multi-family holiday getaway, this property is screaming with potential.

This isn't just a standard home; it's a massive footprint spread across two freehold titles:
• 42 Bungalow Hill: A bonus 1,121sqm (approx.) vacant freehold section with a double garage.

• 44 Bungalow Hill: A sprawling 3-bedroom family haven sitting on an 809sqm (approx.) freehold section.

Bring the boat, bring the jet skis, or look into future development-this is the ultimate blank canvas to do with as you please.

Inside, the home is comfortable, spacious, and ready for you to stamp your own style.

• Large open-plan living area, kept incredibly cozy by a multi-fuel fire.
• Functional kitchen featuring a highly sought-after walk-in pantry.
• Three large double bedrooms, all equipped with built-in wardrobes.
• A bright conservatory that serves as an excellent second living space or sunroom.
• Separate toilet and bathroom for family convenience.
• Practical aluminium single-glazed joinery throughout.

Step outside and take it all in. To the front, you have exceptional, sweeping views of the famous Colac Bay beach surf. To the west, the dramatic silhouette of the Takitimu mountains. The property is surrounded by established native bush, meaning your morning coffee will be soundtracked by the beautiful song of local tui.

Got toys? The large double garage provides all the secure storage you need for the surfboards, fishing gear, and vehicles. It's the perfect setup for a family, or even two families looking to pool resources and secure an unforgettable summer base.

The vendors are realistic, highly motivated, and listening to the market. Opportunities with this much land, this much view, and this much untapped potential do not come around often in Colac Bay. Don't miss your chance to secure a solid future here.

Get in touch today to arrange a viewing or find out about the next open home!

Rates: 42 Bungalow Hill $371.78 P/A
44 Bungalow Hill $2,616.41 P/A
GV 42 Bungalow hill $265,000
GV 44 Bungalow hill $560,000

Deadline Sale: Closing 4:00pm, Thursday 25th June 2026 (prior offers considered)



Disclaimer - All prospective purchasers shall complete their own due diligence, seek legal and expert advice and satisfy themselves with respect to information supplied during the marketing of this property, including but not limited to: the floor and land sizes, boundary lines, underground services, along with any scheme plans or consents. Land and floor area measurements are approximate, and boundary lines indicative only. All efforts have been made to source accurate information from reputable sources (i.e. Regional/City councils, Property-Guru, Core Logic etc). We cannot, however, verify its accuracy and suggest this should not replace independent clarification through standard due diligence.