96 High Street, Terang, VIC 3264 | Property Value & History | OnTheHouse
 
OFF MARKET

96 High Street
Terang VIC 3264

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1600m2
Land area: 2030m2
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Property Details for 96 High St, Terang

Building Type
Commercial
Floor Size
1600m2
Land Size
2030m2
Local Government
Corangamite
Lot/Plan
9~2/PP5778

Last Listing description (November 2018)

This is an outstanding opportunity to secure this charming regional hotel.
The Wheatsheaf Hotel sits on a large corner block of over 2000 m2 in the heart of Terang which is located just 30km from the major regional city of Warrnambool.
This double storey rendered brick hotel boasts a comfortable public bar, very well patronised bistro, separate function area with its own bar facilities, large commercial kitchen, great north facing beer garden and the only drive through bottle shop in town.

Upstairs comprises a 3 bedroom owner's residence with bathroom and new kitchen. There has been a large amount of structural work completed upstairs in order to bring back the 9 accommodation rooms for rentable use.
The potential for the Wheatsheaf is endless and an inspection of this property will not disappoint!

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Property History for 96 High St, Terang, VIC 3264

A timeline of how this property has performed in the market
Last Sold
$1,560,000
11 Aug 2021
  • 11 Aug 2021
    Sold for $1,560,000
  • 15 Jul 2020
    Listed for Sale Investment $1,595,000
  • 18 Nov 2019
    Listed for Sale INVESTMENT
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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.

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© Copyright 2025. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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