OFF MARKET

24 Penny Lane
Coffin Bay SA 5607

Bedrooms: 4
Bathrooms: 1
Car spaces: 2
Floor area: 153m2
Land area: 856m2
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Last updated 16 Sep 2024
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Property Details for 24 Penny Lane, Coffin Bay

24 Penny Lane, Coffin Bay is a 4 bedroom, 1 bathroom House with 2 parking spaces and was built in 2005. The property has a land size of 856m2 and floor size of 153m2. While the property is not currently for sale or for rent, it was last sold in February 2016.

Building Type
House
Year Built
2005
Floor Size
153m2
Land Size
856m2
Local Government
Lower Eyre Peninsula
Lot/Plan
A52/D69182

Last Listing description (February 2016)

Everyone loves a bargain and Coffin Bay property in this price bracket is now a screaming buy!!! There might be an oversupply just at the moment but wait 12 months and the market will look completely different.
24 Penny Lane is a classic example of this dynamic, priced below replacement value, this property has to be on the astute buyer's radar. Perfect for a growing family, retired couple or investor, you will be pleasantly surprised by what your money can buy.
The house is divided perfectly for modern living, sleeping to the left and living to the right and a common space in the centre to offer some flexibility.The spacious rear deck area provides an all weather, private living space perfect for the Coffin Bay lifestyle.

Features include:
Main bedroom with ensuite and WIR
3/4 bedroom flexibilty
2 large livings spaces divided by sliding doors
Great out door deck
New 9 x 7.5m shed with 3 phase power
Remote control roller doors
65000 litres of rainwater storage
Large 865m2 allotment fully landscaped
This property is very well presented and I have difficulty finding anything to do to make it more comfortable. The owners have ticked all the boxes.
If you are in the market for a home in Coffin Bay in this price bracket this property is a 'must inspect' You will not be disappointed!!
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Property History for 24 Penny Lane, Coffin Bay, SA 5607

A timeline of how this property has performed in the market
Last Sold
$323,000
05 Feb 2016
  • 05 Feb 2016
    Sold for $323,000
  • 10 Dec 2013
    Listed for Sale $360,000
  • 16 Dec 2009
    Sold for $310,000
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About Coffin Bay 5607

The size of Coffin Bay is approximately 360.9 square kilometres. It has 14 parks covering nearly 86.5% of total area. The population of Coffin Bay in 2011 was 613 people. By 2016 the population was 613 showing a stable population in the area during that time. The predominant age group in Coffin Bay is 60-69 years. Households in Coffin Bay are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Coffin Bay work in a managers occupation. In 2011, 77.4% of the homes in Coffin Bay were owner-occupied compared with 79.5% in 2016.

Coffin Bay has 1,032 properties. Over the last 5 years, Houses in Coffin Bay have seen a 140.71% increase in median value, while Units have seen a 9.16% increase. As at 31 August 2024:

  • The median value for Houses in Coffin Bay is $584,010 while the median value for Units is $352,465.
  • Houses have a median rent of $440.
There are currently 10 properties listed for sale, and 1 property listed for rent in Coffin bay on OnTheHouse. According to CoreLogic's data, 43 properties were sold in the past 12 months in Coffin bay.

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