This beautiful 100 acre property is situated in the most sought after part of the southern village of Penrose with direct access to the Highland Way.
Gated entry to open cleared pastures with 266m road frontage. In the valleys behind there is pristine native bushland with streams, several dams and fire trail access near the rear. The iconic rustic barn is a well known local landmark and would restore extremely well, it has a full brick basement storage area. Behind and hidden from the street is a large shed with slow combustion fire, that has been fully lined and divided into rooms, providing secure storage and temporary shelter while you build your dream home. This features a captains deck elevated at the rear with views over the valleys. Additional one room small cabin with carport. Single Colorbond garage.
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The size of Penrose is approximately 46.3 square kilometres. It has 3 parks covering nearly 36.3% of total area. The population of Penrose in 2011 was 284 people. By 2016 the population was 262 showing a population decline of 7.7% in the area during that time. The predominant age group in Penrose is 60-69 years. Households in Penrose are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Penrose work in a professional occupation. In 2011, 76.5% of the homes in Penrose were owner-occupied compared with 78.4% in 2016.
Penrose has 189 properties. Over the last 5 years, Houses in Penrose have seen a 44.44% increase in median value, while Units have seen a -3.91% decrease. As at 31 July 2024:
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