40 Grey St, Terang is a 3 bedroom, 2 bathroom House with 3 parking spaces. The property has a land size of 1018m2 and floor size of 110m2. While the property is not currently for sale or for rent, it was last sold in December 2022.
With plenty of yard space ( approx 1020m2 ) and well cared for gardens this home offers a great starting point to enter the Terang market. Walking distance to the main street, large 3 bay shed with workshop, 2x roller doors and a large single carport. An added bonus of ample concrete parking space. The rear deck, over looking a large north facing backyard is a great place to relax and watch the kids play.
The weatherboard home provides great living spaces with a large, open plan kitchen / dining area with electric cooking, split system, ceiling fan and the charm of a big wood heater. A 2nd split system and ceiling fan in the lounge room for added comfort and a large front window for extra light.
A master bedroom with built in robes, ceiling fan, carpet over timber floor boards and a beautiful bay window with an en-suite. The 2nd bedroom also has built in robes with good storage, ceiling fan and carpet over timber floor boards. A family bathroom has a good size vanity with a spa bath/ shower and a separate toilet, providing 3 toilets in total.
This property has concrete piers for foundations, electric hot water system ( replaced 3-4 years ago ) and solar power. If you're looking for a spacious 2 bedroom home with a ripper yard and great shedding this could be the one!
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 1,372 properties. Over the last 5 years, Houses in Terang have seen a 64.78% increase in median value, while Units have seen a 69.16% increase. As at 30 November 2025:
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