5 Grey Street, Terang, VIC 3264 | Property Value & History | OnTheHouse
OFF MARKET

5 Grey Street
Terang VIC 3264

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 158m2
Land area: 889m2
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Property Details for 5 Grey St, Terang

5 Grey St, Terang is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 2017. The property has a land size of 889m2 and floor size of 158m2. While the property is not currently for sale or for rent, it was last sold in December 2024.

Building Type
House
Year Built
2017
Floor Size
158m2
Land Size
889m2
Local Government
Corangamite
Lot/Plan
1/TP534612

Last Listing description (December 2024)

Now and then, a home that is a true treasure hits the market and stirs the imagination of a buyer with a sense of potential. Unchanged, this home is a time capsule into a past era, showcasing original elements and presents as a rare opportunity for a buyer looking for a property to enhance and update. The classic bull nose verandah makes an immediate impression, and as you step inside, you'll find an array of original details: vintage wallpapers, traditional mantels, delicate lead lighting, timber-lined walls, and high ceilings-all hallmarks of an enduring, timeless home. The traditional, wide central entranceway guides you through to the kitchen, two living areas and the bathroom at the rear, and, all up, there are three generously sized bedrooms with built-in robes. Set on a substantial block of 995m2 (approx.), there's ample room at the back for future extensions (STCA). Located one block from Terang's main street, you'll have easy access to cafes, shops, pubs, and more. This is a home that is best experienced in person to truly appreciate its individual characteristics, it is ready for a revival with some love from a buyer keen to roll up their sleeves and bring new life to this timeless beauty. Terang is a thriving country township situated on the Princes Highway serviced by the train line from Melbourne through to Warrnambool with a shopping centre, hospital, health clinic, aged care facilities, P-12 school, 18-hole golf course, lawn bowls, football and cricket club and much, much more.

Property History for 5 Grey St, Terang, VIC 3264

A timeline of how this property has performed in the market
Last Sold
$359,000
03 Dec 2024
  • 03 Dec 2024
    Sold for $359,000
  • 29 Oct 2024
    Listed for Sale $359,000
  • 28 Nov 2020
    Transferred
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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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Cotality Copyright and Legal Disclaimers about Property Data
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.