With building blocks being presented smaller it is rare to find a block of approx. 1,021m2 come onto the market so close to the main street. This allotment has been recently subdivided with all the hard work done.
The "L" shaped block would allow for a substantial home and shedding to be built with access from the back of the property. There is a gum tree to start the garden and some new fencing as well.
Central blocks of this size are becoming very rare and should prove popular in the Terang market.
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:
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