5 Coombes RoadTerang VIC 3264
Property Details for 5 Coombes Rd, Terang
Last Listing description (February 2021)
The sale of Gwinganna presents astute buyers with the opportunity to purchase a large holding only 5 kilometres from the township of Terang and 40 kilometres to the City of Warrnambool in a reliable rainfall area plus having the security of being connected to the Otway water supply followed up by three windmills and two dams.
Annual application of super on the well-established rye grass and clover pastures ensures an abundance of grass covering all over this well-regarded property.
The building improvements consist of a large 40 square homestead built in 1980 and set in a wonderful mature treed park-like garden, three bay car-shed, large open machinery / workshop shedding, hay shed, two implement sheds, vermin proof grain / seed shed, three stand woolshed and steel cattle yards.
This property is complimented by excellent mature various shelter plantations in all paddocks. Fencing is fair to good plus seconded with electric stand-offs on all fences.
Agents absolutely recommend inspection for buyers wanting an outstanding well held 840.27 acre (340.05 ha) quality holding located in the renowned high rainfall area of the Western District.
* Please note that the brochure above incorrectly states 856-acres.
To be auctioned Friday 12th February commencing at 1pm online at AuctionsPlus. To register to bid visit www.auctionsplus.com.au
Terms 10% deposit
Balance in 60 days
Vendor's Solicitor: Taits Legal Warrnambool
Property History for 5 Coombes Rd, Terang, VIC 3264
- 17 Feb 2021Sold for $3,001,327
- 12 Feb 2021Sold for $2,075,000
- 24 Dec 2020Listed for Sale AUCTION FRIDAY 12th FEBRUARY 2021
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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.
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