FOR SALE
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Lot 404 Richard St
Penrice SA 5353

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 10.4ha
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VIEWS OVER THE VALLEY FLOOR AND AFAR!

Hidden amid hills of Penrice is this 25 acre property with approximately 600 plus olive grove, many varieties and a large shed with 3 rain water tanks.The adjacent land is also for sale; which will give you a total of 50 acres for your dream plans.
Many zoning options available subject to council approvals and these includes the below depending on the merits presented
* INDUSTRY (e.g. winery, food processing, beverage production)
* Road transport terminal
* Storage
* Farming
* Commercial Forestry
* Telecommunication Facility
* Energy production (e.g. solar energy)
For further details or to arrange your inspection contact CJ Setlhong at 044 808 5077.
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Property Details for Lot 404 Richard St, Penrice

Building Type
Rural
Land Size
10.4ha

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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.

Suburb Insights for Penrice 5353

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CJ Setlhong
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CENTURY 21 Barossa
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.