FOR SALE
Auction | Wednesday 27th November 5pm

702 Torrens Road
Pennington SA 5013

Bedrooms: 2
Bathrooms: 1
Car spaces: 6
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Auction Time
Wed 27 Nov 5:00 pm
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No upcoming inspections scheduled.
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Charming Block with Renovation & Development Potential (STPC)

This spacious home offers incredible potential for both renovators and developers alike. Located on a generous allotment, here is your opportunity to create your dream home with a little bit of vision, or seize the chance to develop the land into something more, the possibilities are endless (STPC).
Offering high ceilings, dining and living with brick ornate fireplaces and two bedrooms with plenty of room to extend or redesign to suit your needs (STPC). Outside, the property includes a large undercover carport with space for multiple vehicles, a secure shed, and a sunroom for extra versatility.
Property Features:
- Large allotment with ample potential for subdivision or redevelopment (STPC)
- Quality flooring throughout
- High ceilings for a spacious feel
- Wide entrance hall
- Kitchen with free-standing stove/oven
- Large living room with art deco ceiling details & feature fireplace
- 2 spacious bedrooms
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Property Details for 702 Torrens Rd, Pennington

702 Torrens Rd, Pennington is a 2 bedroom, 1 bathroom House with 6 parking spaces. The place is currently for sale with Ray White Port Adelaide & Largs Bay.

Building Type
House

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About Pennington 5013

The size of Pennington is approximately 1.4 square kilometres. It has 6 parks covering nearly 4.3% of total area. The population of Pennington in 2011 was 3,648 people. By 2016 the population was 3,639 showing a population decline of 0.2% in the area during that time. The predominant age group in Pennington is 50-59 years. Households in Pennington are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Pennington work in a trades occupation. In 2011, 57.5% of the homes in Pennington were owner-occupied compared with 57.5% in 2016.

Pennington has 1,558 properties. Over the last 5 years, Houses in Pennington have seen a 105.11% increase in median value, while Units have seen a 74.02% increase. As at 31 October 2024:

  • The median value for Houses in Pennington is $821,405 while the median value for Units is $523,810.
  • Houses have a median rent of $550 while Units have a median rent of $260.
There are currently 5 properties listed for sale, and 1 property listed for rent in Pennington on OnTheHouse. According to CoreLogic's data, 47 properties were sold in the past 12 months in Pennington.

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Nick Psarros
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Niki Pittakis
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Ray White Port Adelaide & Largs Bay
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