OFF MARKET

86 Penzance Street
Glenelg South SA 5045

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 731m2
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Property Details for 86 Penzance St, Glenelg South

86 Penzance St, Glenelg South is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1890. The property has a land size of 731m2. While the property is not currently for sale or for rent, it was last sold in June 2019.

Building Type
House
Year Built
1890
Land Size
731m2
Local Government
Holdfast Bay
Lot/Plan
A119/F12522

Last Listing description (May 2019)

Auction Saturday 11th May at 10:30am (unless sold prior) Price guide $900,000.

Wow, what an opportunity to get into one of the most sought after beach side suburbs in Adelaide - Glenelg South!

This 1890 Character Villa is ripe for renovation and sits on 730m2 approx!

Offering up to 5 bedrooms, 2 bathrooms, open plan living/dining extension, triple carport and large rumpus room/shed!

The character facade has seen better days but its all there and if you can see past the dust you can see how amazing this could look with some TLC.

The original part of the home has formal entrance hall and 4 bedrooms (currently set up as two bedrooms, formal lounge and study/library). The ceilings are lofty and the character features are all there! Pull up the lino and I bet theres some gorgeous 100 year old floorboards just waiting to be sanded and polished!!

The extension has massive potential! Its all there and its big! Knock out the dividing wall, rip out the kitchen, some new flooring, paint and your pretty much done!! The main bathroom could do with a renovation as could the second bathroom and toilet but hey, its all there!

Theres a 5th bedroom or games room, teenage retreat or whatever you want to call it! Currently set up with the pool table and bar this room has some stories to tell Im sure!!

Outside theres a good size veranda/pergola that makes entertaining easy and the backyard (although will need clearing) is massive and also has so much potential!

With renovated character homes in Penzance Street recently selling for just under $2 million, this has value written all over it!

Walk to just about everything including the Glenelg South Shopping Centre with Supermarket, Chemist, Post office, Medical Centre and Bakery. Walk to trendy restaurants and cafes and dont forget the beach, an easy 10 minute walk away! With quality schooling options just minutes away including St Peters Woodlands, St Marys Memorial, Glenelg Primary, Sacred Heart College and Zoned for Brighton Secondary School!

A rare opportunity to buy in this tightly held Street with the current owners enjoying the home and location for nearly 40 years!
Sure to be super popular, don't miss this!

Property History for 86 Penzance St, Glenelg South, SA 5045

A timeline of how this property has performed in the market
Last Sold
$945,000
20 Jun 2019
  • 20 Jun 2019
    Sold for $945,000
  • 25 Apr 2019
    Listed for Sale Auction $900,000 Sat 11th May

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About Glenelg South 5045

The size of Glenelg South is approximately 0.7 square kilometres. It has 4 parks covering nearly 1.6% of total area. The population of Glenelg South in 2011 was 2,339 people. By 2016 the population was 2,244 showing a population decline of 4.1% in the area during that time. The predominant age group in Glenelg South is 50-59 years. Households in Glenelg South are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Glenelg South work in a professional occupation. In 2011, 54.8% of the homes in Glenelg South were owner-occupied compared with 55.4% in 2016.

Glenelg South has 1,275 properties. Over the last 5 years, Houses in Glenelg South have seen a 93.37% increase in median value, while Units have seen a 75.77% increase. As at 31 October 2024:

  • The median value for Houses in Glenelg South is $1,986,920 while the median value for Units is $729,743.
  • Houses have a median rent of $700 while Units have a median rent of $480.
There are currently 7 properties listed for sale, and 1 property listed for rent in Glenelg south on OnTheHouse. According to CoreLogic's data, 48 properties were sold in the past 12 months in Glenelg south.

Suburb Insights for Glenelg South 5045

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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.