FOR SALE
$275,000 to $285,000

6 Shanks Street
Penola SA 5277

Bedrooms: 3
Bathrooms: 1
Car spaces: 3
Floor area: 96m2
Land area: 698m2
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Affordable Family Home

Don't miss this affordable home - a terrific buy in for investors or home buyers. Built in the 70's, this home is located in a quiet, residential section of Penola. With three bedrooms and a good sized yard and shed, families will have room to reside comfortably, or enjoy a very good rental, if purchased by investors.
Offering an updated living and kitchen area, the open space is comfortable and attractive for family living. The attractive wood style flooring and contemporary tones, will be endearing features for those shopping in the market.
A split system air conditioner, wood fire and ceiling fan in the dining/living area add to the comfort with a range of climate control options.
What we love about the property:
• Fantastic price guide at $275k-$285k
• Open living area
• Attractive contemporary kitchen with wooden benchtops
• Electric oven and cooktop with rangehood
• Kitchen bench for optional barstool dining, or conversation with the cook!
• Attractive kitchen splash-back tiling
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Property Details for 6 Shanks St, Penola

6 Shanks St, Penola is a 3 bedroom, 1 bathroom House with 3 parking spaces. The property has a land size of 698m2 and floor size of 96m2. The place is currently for sale with Ray White Kingston.

Building Type
House
Floor Size
96m2
Land Size
698m2

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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 1,236 properties. Over the last 5 years, Houses in Penola have seen a 103.96% increase in median value, while Units have seen a 46.66% increase. As at 30 September 2024:

  • The median value for Houses in Penola is $378,781 while the median value for Units is $253,138.
  • Houses have a median rent of $260.
There are currently 4 properties listed for sale, and no properties listed for rent in Penola on OnTheHouse. According to CoreLogic's data, 60 properties were sold in the past 12 months in Penola.

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Karyn Prelc
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Nedd Golding
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Ray White Kingston
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