44-48 High Street, Terang, VIC 3264 | Property Value & History | OnTheHouse
OFF MARKET

44-48 High Street
Terang VIC 3264

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2507m2
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Property Details for 44-48 High St, Terang

Building Type
Commercial
Year Built
1925
Land Size
2507m2
Local Government
Corangamite
Lot/Plan
1/PS302533

Last Listing description (August 2016)

3 SHOP LEASED
2466m2 IN THE MIDDLE OF TERANG
Johnstone Court is architectural and historical significance to the state of Victoria as an outstanding and remarkably intact example of an early twentieth century shopping arcade. It is a fine and example of the substantial commercial buildings constructed in provincial towns, and especially in the wealthy Western District.

Johnstone Court was built in 1925 by Winifred Lilian Johnstone (1862-1946). She was the widow of William Johnstone, who was born in Terang. She commissioned the prominent Camperdown architect Warburton Perry Knights to design the new arcade, which was constructed by the Terang builders McQueen and Schabel. It was described at the time as the largest block of shops and the most up-to-date business premises in the Western District. The Court housed the local office of the State Electricity Commission of Victoria, which assumed responsibility for electricity supply in Terang in March 1924. Other shops were occupied by a grocer, a baker, a draper, a jeweller and an estate agent.
At the first floor level are three bay windows, in the centre and at either end, with a pediment above the parapet above each one. Along the High Street elevation is a cantilevered veranda with a Wunderlich ceiling.
There are nine shops, five facing High Street and four facing the internal courtyard.
The glass dome repairs will be completed by May/June 2015
LOT 1: Far right large shop facing High St with access to residence/storage upstairs on the 1st floor
LOT 2: Second from the right facing High St and on the corner of the court entrance
LOT 3: Small shop facing the internal court
LOT 4: Larger shop facing internal court with walk in safe built by Victorian Safe Coy in Brunswick
LOT 5: Large shop facing internal court
LOT 6: Small shop facing the internal court
LOT 7: Small shop facing High St and on the corner of the court entrance
LOT 8: Large shop facing High St with access to the 3br residence upstairs on the 1st floor
LOT 9: Tenanted butcher shop 132m2 paying rent of $12,100/year plus GST and outgoings
LOT 10: 3br residence with entrance from the court
LOT 11: Old bakery at the rear
Entrance, common toilets and parking at the rear of property via Baynes Street

Property History for 44-48 High St, Terang, VIC 3264

A timeline of how this property has performed in the market
Last Sold
$73,000
03 Feb 2011
  • 04 Feb 2015
    Listed for Sale POA
  • 03 Feb 2011
    Sold for $73,000
  • 07 Sep 2010
    Sold for $73,000
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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 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:

  • The median value for Houses in Terang is $400,384 while the median value for Units is $365,255.
  • Houses have a median rent of $400 while Units have a median rent of $240.
There are currently 11 properties listed for sale, and 1 property listed for rent in Terang on OnTheHouse. According to Cotality's data, 45 properties were sold in the past 12 months in Terang.

Suburb Insights for Terang 3264

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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.