476 Kareela RoadPenrose NSW 2579
Property Details for 476 Kareela Rd, Penrose
Last Listing description (July 2018)
57.03 acres of unutilised land with dual road frontage.
This sensational 57 acre property offers enormous potential for the astute investor.
Located only 2.5kms from the Village of Penrose on a sealed road, 'Everspring' boasts a free-flowing spring of clear, fresh water feeding a stream running through the property to a huge dam (of which approximately a third of is within the boundary).
Situated well back from the road is a dilapidated 3 bedroom cottage with power connected, water tanks and two large farm sheds. Whilst in disrepair, the dwelling is a valuable asset for any owner wanting to build on the land.
Just 8km from the Hume Highway via the Penrose Forestry Road, and adjacent to the numerous riding trails through the Penrose State Forest 'Everspring' would make an ideal small farm or weekend retreat.
Penrose is a small, tightly held rural village just 9km south of Bundanoon, is on the Goulburn to Sydney 'City Rail' railway. There is a strong community, small public school, caf and tennis club.
Property History for 476 Kareela Rd, Penrose, NSW 2579
- 13 Jul 2018Sold for $570,000
- 11 Jan 2018Listed for Sale Price Guide $595,000
- 16 Jun 2017Sold
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About Penrose 2579
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:
- The median value for Houses in Penrose is $1,130,498 while the median value for Units is $554,309.
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