FOR SALE
$325,000 - $335,000

5/38 Mckinnon Street
Terang VIC 3264

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 268m2
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Ideal Investment or Downsizer

This low maintenance unit in a quaint part of Terang, offers the perfect opportunity for the investor, or those looking to enter the property market or to downsize in a quiet location.
As an investment, the unit is currently tenanted until April 2025, and with all compliances current, there would be nothing left to do but exchange hands. The gardens (front and private yard) are taken care of as part of the owners-corporation arrangement.
The unit includes kitchen, living area, bathroom, two bedrooms, laundry and single car lockup garage. Completely functional, you can enjoy the convenience of a low-maintenance lifestyle with the added bonus of a private courtyard, perfect for relaxing and enjoying the sunshine. The single garage space provides secure parking for your vehicle and additional storage options.
Located 300m to the Terang Recreation Reserve and 500m to the main street (Bakery, IGA, cafes), this property offers easy access to local amenities. Take a stroll to the nearby parklands or explore the charming Terang just moments away.
Don't miss out on this fantastic opportunity to secure affordable and convenient living in Terang. Whether you're a first home buyer, downsizer, or investor, this property ticks all the boxes. Contact us today to arrange a private inspection and make this unit your new home!
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Property Details for 5/38 Mckinnon St, Terang

5/38 Mckinnon St, Terang is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 268m2. The place is currently for sale with Roberts One Real Estate - WARRNAMBOOL.

Building Type
Unit
Land Size
268m2

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About Terang 3264

The size of Terang is approximately 119.2 square kilometres. It has 4 parks covering nearly 0.5% of total area. The population of Terang in 2011 was 2,348 people. By 2016 the population was 2,281 showing a population decline of 2.9% in the area during that time. The predominant age group in Terang is 50-59 years. Households in Terang are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Terang work in a managers occupation. In 2011, 71.2% of the homes in Terang were owner-occupied compared with 72.6% in 2016.

Terang has 1,352 properties. Over the last 5 years, Houses in Terang have seen a 95.66% increase in median value, while Units have seen a 85.29% increase. As at 30 November 2024:

  • The median value for Houses in Terang is $370,928 while the median value for Units is $394,230.
  • Houses have a median rent of $395 while Units have a median rent of $240.
There are currently 8 properties listed for sale, and 3 properties listed for rent in Terang on OnTheHouse. According to CoreLogic's data, 43 properties were sold in the past 12 months in Terang.

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Jeremy Gleeson
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Jacob Gibbs
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Roberts One Real Estate - WARRNAMBOOL
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