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Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

521-523 Corangamite Lake Road
Cororooke, VIC 3254

$570,000 - $620,000

6
Bed
2
Bath
Property Type: House
Listed Date: 21st Jan 2026
Last Updated: 14th Apr 2026
Overview

Two residences, one title - 6.3% Return!

Set on a single title and cleverly configured as two separate residences, this versatile property presents an outstanding opportunity for investors or families seeking space, flexibility and strong returns.Each home offers three bedrooms and one bathroom, along with split system heating and cooling for year-round comfort. With independent living arrangements and both residences currently leased to two excellent tenants, the property provides an immediate and reliable income stream-making it a true set-and-forget investment with healthy returns already in place.The dual-residence layout also makes this property ideal for extended family living, dual occupancy, or future lifestyle flexibility, delivering generous accommodation and separation when required.Situated in the peaceful rural township of Cororooke, yet located under 10 minutes' drive to Colac, the property enjoys the perfect balance of country living with convenient access to schools, shopping and essential services.A rare single-title dual-residence opportunity offering income, flexibility and location-properties of this calibre are seldom found. Currently has 6.3+% annual yield.

Change History
Headline When
$570,000 - $620,000
Auction Guide - $600,000 - $660,000
Location
521-523 Corangamite Lake Road
Cororooke VIC 3254