OFF MARKET

12 Karatta Terrace
Penneshaw SA 5222

Bedrooms: 4
Bathrooms: 1
Car spaces: 4
Floor area: 118m2
Land area: 516m2
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Property Details for 12 Karatta Tce, Penneshaw

12 Karatta Tce, Penneshaw is a 4 bedroom, 1 bathroom House with 4 parking spaces and was built in 1970. The property has a land size of 516m2 and floor size of 118m2. While the property is not currently for sale or for rent, it was last sold in June 2021.

Building Type
House
Year Built
1970
Floor Size
118m2
Land Size
516m2
Local Government
Kangaroo Island
Lot/Plan
A146/T110201

Last Listing description (July 2021)

Welcome to 12 Karatta Terrace Penneshaw!

S & S are excited to present this absolutely fabulous original holiday shack in the gorgeous seaside township of Penneshaw.


Without doubt the most enquired about and sought after location in Penneshaw is 'the levels'. Here you'll find a mix of old school style shacks, new builds and fabulously renovated original houses. The vast majority of shacks are holidays homes combined with a number of permanent residents.

The homes all enjoy truly spectacular uninterrupted views overlooking Hog Bay Beach all the way back to the mainland. Never a dull moment with the local ferries coming and going, recreational fishers, the KI Ocean Safari boat, pods of dolphins and every so often even a whale or two will pop on by. The beach has the most crystal clear water and soft white sand and is one of the islands safest and most picturesque swimming beaches.

The home enjoys a flexible floorplan, currently disposed as three bedrooms and a study, but could easily be configured as a four bedroom should you choose.

The kitchen overlooks the combined open concept living and dining area with sliding doors opening to the the front deck and those exceptional views.

For those who have overdone it at the beach, you'll look forward to coming home to a spa in the bathroom. A very welcome addition.

There's oodles of storage space, and a surprisingly large laundry.

A large rear verandah is adjacent the low maintenance rear yard, a feature of which is the alfresco dining area - perfect for long lunches and family barbecues.

Plenty of room in the double garage to park your boat and even a workshop for those who like to have a bit of a tinker with the tools.

Recently repainted inside and out together with new carpets it's ready to roll...

So maybe you're looking to retire and enjoy the 'good things' in life....maybe you're looking for a holiday home/rental investment.

Either way we encourage you to call ahead and arrange a private inspection.

These homes simply do not come up very often. Tourism is booming and demand for homes in Penneshaw is at an all time high so don't delay your enquiry on this one!

Floor plan to be uploaded shortly.

For further information please call Sophie on 0428 922 515.

Specifications:

Address: 12 Karatta Tce Penneshaw

CT - 5464/995

Council -Kangaroo Island

Zoning - Residential TBC

Council Rates approx. $2,403.45 p.a.

SA Water Supply $67.85 p.q.

Emergency Services Levy $71.20 p.a.

Disclaimer:

Whilst all information has been obtained from sources we believe to be accurate, it cannot be relied upon and we accept no liability for any errors or omissions (including but not limited to a propertys land size, building size floor plans, building age and condition). All interested parties should seek and obtain independent advice. Should this property be scheduled for auction, the Vendors statement may be inspected at our office for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes prior to schedule start time.

Property History for 12 Karatta Tce, Penneshaw, SA 5222

A timeline of how this property has performed in the market
Last Sold
$430,000
30 Jun 2021
  • 30 Jun 2021
    Sold for $430,000
  • 31 Mar 2021
    Listed for Sale SOLD - Price Withheld
  • 14 Jul 2014
    Sold for $355,000
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About Penneshaw 5222

The size of Penneshaw is approximately 5 square kilometres. It has 7 parks covering nearly 9.4% of total area. The population of Penneshaw in 2011 was 273 people. By 2016 the population was 286 showing a population growth of 4.8% in the area during that time. The predominant age group in Penneshaw is 60-69 years. Households in Penneshaw are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Penneshaw work in a managers occupation. In 2011, 67% of the homes in Penneshaw were owner-occupied compared with 67.3% in 2016.

Penneshaw has 548 properties. Over the last 5 years, Houses in Penneshaw have seen a 78.45% increase in median value, while Units have seen a -12.08% decrease. As at 31 October 2024:

  • The median value for Houses in Penneshaw is $503,932 while the median value for Units is $408,699.
  • Houses have a median rent of $240.
There are currently 3 properties listed for sale, and no properties listed for rent in Penneshaw on OnTheHouse. According to CoreLogic's data, 27 properties were sold in the past 12 months in Penneshaw.

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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.