OFF MARKET

400 Keilambete Road
Terang VIC 3264

Bedrooms: 5
Bathrooms: 3
Car spaces: 2
Floor area: 395m2
Land area: 229709m2
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Property Details for 400 Keilambete Rd, Terang

400 Keilambete Rd, Terang is a 5 bedroom, 3 bathroom House with 2 parking spaces and was built in 1920. The property has a land size of 229709m2 and floor size of 395m2. While the property is not currently for sale or for rent, it was last sold in November 1998.

Building Type
House
Year Built
1920
Floor Size
395m2
Land Size
229709m2
Local Government
Corangamite
Lot/Plan
1/TP672670

Last Listing description (January 2019)

This property is exceptional in quality, design and opportunity
2 storey weatherboard home comprising original section which retains the historic element of the property and the modern section which offers modern living within a quality build
Large living area including 2 living rooms, formal library, open plan kitchen/dining with glass doors and windows to deck, taking in the lake and Mt Noorat district

Family wing, 3 bedrooms, living room and family bathroom
Parents retreat upstairs with WIR, ensuite, office and east facing balcony
Original section suitable for accommodation or Air BNB
Extensive garden with mature trees and shrubs, bore and tank water
Shedding included old dairy, stables and storage
40 acres of quality lake bank land which is high production country
Could suit horse training with the salt lake and hills, there is an option to selloff 30acres to a willing neighbour if the extra land was not required
N.B Lake Keilambete is a volcanic lake and it is 3 times saltier than the sea, there are claims of therapeutic benefits for humans and horses and it was the place where many of the older generations learnt to swim due to the water being easy to float in. The lake is approx 11m deep in the centre and the colours are ever changing depending on the weather and wind.
Expression of interest closes Wednesday, 19th December (early offers considered)

Property History for 400 Keilambete Rd, Terang, VIC 3264

A timeline of how this property has performed in the market
Last Sold
$156,000
27 Nov 1998
  • 16 Nov 2018
    Listed for Sale EOI closing Wed 19th Dec
  • 27 Nov 1998
    Sold for $156,000

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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 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.
There are currently 9 properties listed for sale, and 3 properties listed for rent in Terang on OnTheHouse. According to CoreLogic's data, 45 properties were sold in the past 12 months in Terang.

Suburb Insights for Terang 3264

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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.