5 Lyons Street, Terang, VIC 3264 | House for sale | OnTheHouse
 
FOR SALE
$300,000

5 Lyons Street
Terang VIC 3264

Bedrooms: 3
Bathrooms: -
Car spaces: 1
Land area: 681m2
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Perfectly positioned entry level property.

Packed with potential and positioned for convenience, this is an opportunity that rewards vision.
Settled under the shade of eucalyptus, this unique home is a few minutes walk to the train station. The property, a generous allotment of 674m²-offers both space and accessibility. It is peacefully set amongst a neighbourhood of heritage houses and trees. Close by is Terang Public Park walking track, a playground and local library.
The early 1950s weatherboard house comprising of two bedrooms and central bathroom catches both morning and evening sun. It is complemented by a pre-existing bungalow with workshop and separate single garage-ideal for additional storage, workspace or future enhancement.
A solid base for those ready to renovate and add value, this is a chance to transform, invest or simply secure an affordable foothold in a well-connected location with genuine upside.
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Property Details for 5 Lyons St, Terang

5 Lyons St, Terang is a 3 bedroom, 0 bathroom House with 1 parking spaces. The property has a land size of 681m2. The place is currently for sale with Luke Williams Real Estate.

Building Type
House
Land Size
681m2
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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 2016 was 2288 people. By 2021 the population was 2254 showing a population decline of 1.5% in the area during that time. The predominant age group in Terang is 60-69 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 community and personal service occupation.In 2021, 74.20% of the homes in Terang were owner-occupied compared with 72.60% in 2016.

Terang has 1,373 properties. Over the last 5 years, Houses in Terang have seen a 47.40% increase in median value, while Units have seen a 62.51% increase. As at 31 March 2026:

  • The median value for Houses in Terang is $382,328 while the median value for Units is $376,962.
  • Houses have a median rent of $388 while Units have a median rent of $240.
There are currently 9 properties listed for sale, and 2 properties listed for rent in Terang on OnTheHouse. According to Cotality's data, 48 properties were sold in the past 12 months in Terang.

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Dominic Bushell
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Luke Williams Real Estate
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