Mcwilliam StreetTerang VIC 3264
Property Details for Mcwilliam St, Terang
Last Listing description (January 2022)
This is an exciting and rare land subdivision opportunity (STCA) that has a development plan on the fringe of Terang that will make an ideal option for a buyer looking for their next development project. The land is zoned low density residential, and has a beautiful rural aspect, yet with the conveniences of town close at hand. Alternatively, the property could also be a perfect parcel for a farmer looking for additional grazing land, or for a buyer looking for a place to create their own lifestyle property. Terang is a progressive country town situated on the Princes Highway which is also serviced by the train line from Melbourne through to Warrnambool. Within a short commute from the property are schools, hospital, golf course, train station and shops. Warrnambool, the Great Ocean Road and beach are within a 30 minute (approx.) drive. Whatever option is right for you, get in touch today so we can help makes this yours.
Property History for Mcwilliam St, Terang, VIC 3264
- 14 Dec 2021Sold for $1,200,000
- 25 Oct 2021Listed for Sale Expressions of Interest
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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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