OFF MARKET

36 Pennington Road
Island Beach SA 5222

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2035m2
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Last updated 16 Dec 2024
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Property Details for 36 Pennington Rd, Island Beach

36 Pennington Rd, Island Beach is a 0 bedroom, 0 bathroom House. The property has a land size of 2035m2. While the property is not currently for sale or for rent, it was last sold in May 2021.

Building Type
House
Land Size
2035m2
Local Government
Kangaroo Island
Lot/Plan
A14/D6390

Last Listing description (December 2024)

Century 21 on Kangaroo Island offers the opportunity to purchase this sizeable north-facing block in Island Beach, spanning approximately 2,168m2, offering an ideal canvas for a dream home.

The central elevated point within the land offers ground-level vistas, sparking imagination about the panoramic scenes extending from American River to Kangaroo Head that could be embraced from a second-story perspective. With a northerly orientation and the added convenience of a power situated along the boundary, this property sets the stage for the ideal introduction to beach side living.

The property presents exciting development opportunities, allowing for an expansive home design that maximizes the natural elevation. Infrastructure support includes provisions for large shedding, perfect for boats and tractors, ample car parking, and other permitted outbuilding uses.

A current Development Approval exists (approval dated 27/6/2023) for a 2 storey, 2 bedroom residence. A copy of the DA is available on request.

Residents enjoy convenient beach access via Pennington Road/Nepean Drive Road reserve.

This 'Blue Chip' Property Region known as Island Beach is celebrated for its pristine white sandy beach, creating a safe haven for swimming and boating enthusiasts. Access is convenient, with Sealink ferries operating daily services into Penneshaw, just a 15-minute drive away. The area is poised to benefit from a new golf course project on the south coast, enhancing its appeal as a popular tourist destination.

Nature enthusiasts and wildlife lovers will appreciate the harmonious coexistence with the diverse wildlife population, including kangaroos, wallabies, goannas, and various bird species. For fishing enthusiasts, the property offers year-round opportunities, with abundant species in Eastern Cove and its surrounds.

Exciting developments are underway, including the mains water extension project, with the main water line already passing the Hog Bay Road/Island Beach intersection. Anticipated in the coming months is a feed line into Island Beach, further enhancing the property's value and appeal.

For more information and to embark on this unique property journey, contact the resident selling agents at Century 21 on Kangaroo Island—Michael Barrett 0427 727 333 or Lili Barrett 0459 393 514.

Property History for 36 Pennington Rd, Island Beach, SA 5222

A timeline of how this property has performed in the market
Last Sold
19 May 2021
  • 18 Dec 2024
    Sold for $207,000
  • 27 Jun 2024
    Listed for Sale $225,000
  • 22 Dec 2023
    Listed for Sale $250,000
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About Island Beach 5222

The size of Island Beach is approximately 2.1 square kilometres. The population of Island Beach in 2011 was 321 people. By 2016 the population was 25 showing a population decline of 92.2% in the area during that time. The predominant age group in Island Beach is 70-79 years. Households in Island Beach are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Island Beach work in a managers occupation. In 2011, 82.3% of the homes in Island Beach were owner-occupied compared with 66.6% in 2016..

Island Beach has 360 properties. Over the last 5 years, Houses in Island Beach have seen a 76.20% increase in median value, while Units have seen a 44.14% increase. As at 30 November 2024:

  • The median value for Houses in Island Beach is $482,234 while the median value for Units is $549,001.
There are currently 8 properties listed for sale, and no properties listed for rent in Island beach on OnTheHouse. According to CoreLogic's data, 10 properties were sold in the past 12 months in Island beach.

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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.