22 Mckinnon Street, Terang VIC 3264

3-bedroom house | 554m² lot | Terang location | dual value estimates signal caution This property offers a rare combination of a manageable 554m² lot with three bedrooms and two car spaces in a suburb where comparable sales show strong demand for character homes. The configuration suits first-home buyers or downsizers seeking single-level living without excessive land maintenance. Its positioning near similar properties like 7 McKinnon Street suggests the area supports consistent buyer interest, though the wide gap between Domain’s $375,000 and Property.com.au’s $480,000 estimates indicates market uncertainty that a buyer can exploit through careful negotiation. The primary risk is the absence of recent sale history or building details, which may conceal condition issues or renovation costs that could erode the lower-end value. A buyer should commission a pre-purchase inspection and compare against the sold price of 22 Swanston Street at $349,000 to anchor expectations. The opportunity lies in the lot’s standard size, which avoids the premium of larger blocks while offering outdoor space. This house is best held as a long-term residence in a stable regional market, not a short-term flip.