FOR SALE
$500,000

30 Pennyroyal School Road
Pennyroyal VIC 3235

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 12ac
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Pennyroyal acreage

The Phone Code for this property is: 61846. Please quote this number when phoning or texting.
Overlooking the beautiful Pennyroyal Valley, and the Otways National Park beyond, this vacant land is situated in one of the most sought-after areas of the Otways.
Five-minute drive to Deans Marsh, 10 minutes to Birregurra, 20mins to Colac or just 20 minutes to the coastal town of Lorne.
This flat 12 acres of productive land has recently been worked and re sown with perennial rye seed, the large dam has been cleaned out and new drains cut. Boundary fencing was renewed a few years ago with ring lock and electric wire.
Power is connected to both the existing shed and a potential new shed site. Existing shed has new concrete workshop floor. 2 new 25,000lt poly tanks providing ample fresh drinking water.
Ideal for all horticultural activities, somewhere to keep horses or an opportunity for those seeking a rural camping block. Current zoning is rural conservation which makes a permit for a dwelling unlikely. A large new lockup shed would allow for additional secure storage and workshop.
Land is this desirable location is highly sought after, with great views and an abundance of native wildlife with great access to the Otways and the Great Ocean Road.
Disclaimer:
Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.
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Property Details for 30 Pennyroyal School Rd, Pennyroyal

Building Type
Rural
Land Size
12ac

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About Pennyroyal 3235

The size of Pennyroyal is approximately 30.1 square kilometres. It has 2 parks covering nearly 55.7% of total area. The population of Pennyroyal in 2011 was 372 people. By 2016 the population was 70 showing a population decline of 81.2% in the area during that time. The predominant age group in Pennyroyal is 50-59 years. Households in Pennyroyal are primarily childless couples and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Pennyroyal work in a managers occupation. In 2011, 82.3% of the homes in Pennyroyal were owner-occupied compared with 72.8% in 2016..

Pennyroyal has 96 properties. Over the last 5 years, Houses in Pennyroyal have seen a 13.45% increase in median value, while Units have seen a -12.48% decrease. As at 31 July 2024:

  • The median value for Houses in Pennyroyal is $2,393,209 while the median value for Units is $881,460.
There are currently 1 property listed for sale, and no properties listed for rent in Pennyroyal on OnTheHouse. According to CoreLogic's data, 2 properties were sold in the past 12 months in Pennyroyal.

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