OFF MARKET

51-53 Penny Lane
Coffin Bay SA 5607

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 939m2
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Property Details for 51-53 Penny Lane, Coffin Bay

Building Type
Land
Land Size
939m2
Local Government
Lower Eyre Peninsula
Lot/Plan
A5/D19159

Last Listing description (May 2019)

This property has been reduced to a low $92,000 - this is the last chance to build your dream home in this part of town. Owner needs to sell - make your offer today!
This is the only block of land available for sale at the moment, in either Penny Lane or Sophie Crescent. That is how popular this part of Coffin Bay has become.
Situated at the northern end of Penny Lane, the block measures 939 m2 and, with a 2 storey home, would pick up views of the Coffin Bay jetty and foreshore.

All services are available and underground. Some existing natural vegetation would afford privacy to this block and, being at the end of Penny Lane, traffic is minimal.
Call Mike Bowyer of Raine & Horne on 0428 854 020 to have an inspection of this great block.

Property History for 51-53 Penny Lane, Coffin Bay, SA 5607

A timeline of how this property has performed in the market
Last Sold
$90,000
27 Sep 2019
  • 27 Sep 2019
    Sold for $90,000
  • 04 May 2015
    Listed for Sale Price Reduced $92,000
  • 16 Mar 2006
    Listed for Sale 120000
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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.

Suburb Insights for Coffin Bay 5607

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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.