FOR SALE
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378 Richard Street
Penrice SA 5353

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 9.97ha
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The Great Escape with 360-degree views!

378 Richard Street Penrice offers one of the most spectacular 360-degree views of the valley floor, an opportunity many would die to have. The property which is approximately 25 acres could be the perfect place for you to unwind from the day or plan grand ideas. The adjacent land is also for sale; which will give you a total of 50 acres for your dream plans. There are several, entry points to the property making it easy to possibly subdivide (STCC) or present the below options to the council to consider depending on merits presented;
* Residential plus subdivision
* Industrial (e.g. Winery, food processing, beverage production)
* Road transport terminal
* Storage
* Farming
* Commercial forestry
* Energy production
* Telecommunication facility
https://www.youtube.com/watch?v=e0UB_zjOVa0
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Property Details for 378 Richard St, Penrice

Building Type
Rural
Land Size
9.97ha

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About Penrice 5353

The size of Penrice is approximately 19.1 square kilometres. It has 2 parks covering nearly 0.1% of total area. The population of Penrice in 2011 was 338 people. By 2016 the population was 455 showing a population growth of 34.6% in the area during that time. The predominant age group in Penrice is 50-59 years. Households in Penrice are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Penrice work in a labourer occupation. In 2011, 83.2% of the homes in Penrice were owner-occupied compared with 84.3% in 2016.

Penrice has 280 properties. Over the last 5 years, Houses in Penrice have seen a 102.30% increase in median value, while Units have seen a 554.00% increase. As at 30 November 2024:

  • The median value for Houses in Penrice is $781,411 while the median value for Units is $393,244.
  • Houses have a median rent of $340.
There are currently 4 properties listed for sale, and no properties listed for rent in Penrice on OnTheHouse. According to CoreLogic's data, 6 properties were sold in the past 12 months in Penrice.

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CJ Setlhong
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CENTURY 21 Barossa
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