FOR SALE
NEW PRICE- $290,000 - $310,000

18-22 Shanks Street
Penola SA 5277

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2094m2
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Huge Block! 2094m2 (approximately) on 1 Title!

Located in a quiet section of Penola, this is a stunning block with a shed and vegetable garden set on a huge block size of approximately 2094m2 on 1 title!
A convenient rainwater tank feeds the garden. Mains water runs to just over the road, available for connection by the buyer if required. Town sewage does run past this block.
Features include:
- Septic already installed
- Bore on property with pump
- Stables. Limestone built, well insulated with power connected
- Toilet block with hot water system
- Option for using the plan already drawn up and footings dug out,
All ready to build your 2-bedroom home.
The artistic touches to fencing and surrounds make this "the cutest block ya ever did see!"

Property Details for 18-22 Shanks St, Penola

Building Type
Land
Land Size
2094m2

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About Penola 5277

The size of Penola is approximately 252.5 square kilometres. It has 14 parks covering nearly 11.5% of total area. The population of Penola in 2011 was 1,706 people. By 2016 the population was 1,571 showing a population decline of 7.9% in the area during that time. The predominant age group in Penola is 60-69 years. Households in Penola are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Penola work in a labourer occupation. In 2011, 70.7% of the homes in Penola were owner-occupied compared with 67.4% in 2016.

Penola has 1,241 properties. Over the last 5 years, Houses in Penola have seen a 93.11% increase in median value, while Units have seen a 39.67% increase. As at 30 November 2024:

  • The median value for Houses in Penola is $369,647 while the median value for Units is $257,082.
  • Houses have a median rent of $260.
There are currently 7 properties listed for sale, and no properties listed for rent in Penola on OnTheHouse. According to CoreLogic's data, 57 properties were sold in the past 12 months in Penola.

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Paul Segneri
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Jason Malseed
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Malseeds Real Estate
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