FOR SALE
$359,000

5 Grey Street
Terang VIC 3264

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Land area: 925m2
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Original Classic Weatherboard

Now and then, a home that is a true treasure hits the market and stirs the imagination of a buyer with a sense of potential. Unchanged, this home is a time capsule into a past era, showcasing original elements and presents as a rare opportunity for a buyer looking for a property to enhance and update. The classic bull nose verandah makes an immediate impression, and as you step inside, you'll find an array of original details: vintage wallpapers, traditional mantels, delicate lead lighting, timber-lined walls, and high ceilings-all hallmarks of an enduring, timeless home. The traditional, wide central entranceway guides you through to the kitchen, two living areas and the bathroom at the rear, and, all up, there are three generously sized bedrooms with built-in robes. Set on a substantial block of 995m2 (approx.), there's ample room at the back for future extensions (STCA). Located one block from Terang's main street, you'll have easy access to cafes, shops, pubs, and more. This is a home that is best experienced in person to truly appreciate its individual characteristics, it is ready for a revival with some love from a buyer keen to roll up their sleeves and bring new life to this timeless beauty. Terang is a thriving country township situated on the Princes Highway serviced by the train line from Melbourne through to Warrnambool with a shopping centre, hospital, health clinic, aged care facilities, P-12 school, 18-hole golf course, lawn bowls, football and cricket club and much, much more.
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Property Details for 5 Grey St, Terang

5 Grey St, Terang is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 925m2. The place is currently for sale with Homeseeka Real Estate - Warrnambool.

Building Type
House
Land Size
925m2

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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 1,351 properties. Over the last 5 years, Houses in Terang have seen a 96.78% increase in median value, while Units have seen a 94.32% increase. As at 30 September 2024:

  • The median value for Houses in Terang is $366,936 while the median value for Units is $352,462.
  • Houses have a median rent of $400 while Units have a median rent of $240.
There are currently 9 properties listed for sale, and 4 properties listed for rent in Terang on OnTheHouse. According to CoreLogic's data, 44 properties were sold in the past 12 months in Terang.

Suburb Insights for Terang 3264

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Daryl Kenna
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Homeseeka Real Estate - Warrnambool
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.