FOR SALE
$550,000

73 Wellington Street
Kerang VIC 3579

Bedrooms: 5
Bathrooms: 2
Car spaces: 3
Land area: 969m2
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STUNNING OLD BANK BUILDING IN THE HEART OF THE TOWN

This stunning property, originally the local branch of the Bank of New South Wales, presents a unique blend of historical charm and modern versatility, set on a generous quarter-acre allotment. The ground floor features the original banking chamber, complete with a walk-in vault and the manager's office, showcasing the building's heritage.
The living areas are designed for comfort and style, including a spacious lounge with slow combustion heating and a separate dining room, both adorned with elegant cedar and oak finishes. Climate control is ensured with reverse cycle and split system air conditioning and heating. The expansive kitchen is a chef's dream, boasting ample cupboard and bench space, an electric stove/oven, and a convenient walk-in pantry. A separate toilet and hand basin adds to the convenience of the downstairs layout.
Ascend the magnificent full return oak staircase to the first floor, where an open landing leads to five generously sized bedrooms. Two of these bedrooms feature direct access to a balcony that overlooks the bustling main street of central Kerang. A centrally located bathroom caters to the needs of the family.
The rear of the property includes a brick laundry equipped with double wash troughs and an additional toilet, enhancing practicality. For convenience, there is a single car garage and an outdoor entertaining area, with a laneway providing rear access, all of which increases the property's appeal.
This residence offers immense potential for a large family home or a range of commercial opportunities. The rear unit is currently leased, while the front of the property can be utilized as a commercial space, private rental, B&B accommodation, or short-stay lodging for workers and travellers. Seize this opportunity to own a piece of history while enjoying the flexibility for future ventures. The property is commercial 1 zoned.
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Property Details for 73 Wellington St, Kerang

73 Wellington St, Kerang is a 5 bedroom, 2 bathroom House with 3 parking spaces. The property has a land size of 969m2. The place is currently for sale with Graemem Hayes Real Estate.

Building Type
House
Land Size
969m2

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About Kerang 3579

The size of Kerang is approximately 146.6 square kilometres. It has 8 parks covering nearly 0.9% of total area. The population of Kerang in 2011 was 3,872 people. By 2016 the population was 3,897 showing a population growth of 0.6% in the area during that time. The predominant age group in Kerang is 60-69 years. Households in Kerang are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Kerang work in a managers occupation. In 2011, 69.5% of the homes in Kerang were owner-occupied compared with 71.3% in 2016.

Kerang has 2,541 properties. Over the last 5 years, Houses in Kerang have seen a 88.46% increase in median value, while Units have seen a 59.28% increase. As at 31 October 2024:

  • The median value for Houses in Kerang is $302,851 while the median value for Units is $273,637.
  • Houses have a median rent of $290 while Units have a median rent of $225.
There are currently 44 properties listed for sale, and 5 properties listed for rent in Kerang on OnTheHouse. According to CoreLogic's data, 97 properties were sold in the past 12 months in Kerang.

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Nathan Hipworth
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Chelsea Manuel
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Graemem Hayes Real Estate
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