325 Racecourse RoadTerang VIC 3264
Property Details for 325 Racecourse Rd, Terang
Last Listing description (December 2014)
Lifestyle - Therapeutic Opportunity With Mineral Lake Waters - Quarrying Potential
Situated on the banks of Lake Keilambete, renowned for it's therapeutic mineral waters, lies this 14.5ha versatile property.
The opportunities are boundless with the potential for commercial development as a viable health resort including mineral baths and water therapy, sandstone quarrying or lifestyle and hobby farming.
There is ample shedding, with 5 stables some in need of some repair, 3 bay machinery shed plus lock-up workshop, sundry shedding, 2 horse day boxes, rainwater storage and equipped bore.
There is direct access to the lake on foot or by car.
Boundless opportunities await the successful purchaser.
Property History for 325 Racecourse Rd, Terang, VIC 3264
- 12 Dec 2014Sold for $322,500
- 13 Nov 2014Listed for Sale Not Disclosed
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0About 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 96.53% increase in median value, while Units have seen a 56.96% increase. As at 31 October 2024:
- The median value for Houses in Terang is $368,459 while the median value for Units is $369,238.
- Houses have a median rent of $395 while Units have a median rent of $240.
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