OFF MARKET

8A Karatta Terrace
Penneshaw SA 5222

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 130m2
Land area: 564m2
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Property Details for 8a Karatta Tce, Penneshaw

8a Karatta Tce, Penneshaw is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2005. The property has a land size of 564m2 and floor size of 130m2.

Building Type
House
Year Built
2005
Floor Size
130m2
Land Size
564m2
Local Government
Kangaroo Island

Last Listing description (May 2021)

If you've been looking for the perfect holiday home or residence in Penneshaw then I highly recommend you put this gem on your must see list of inspections.

Enjoy outstanding views overlooking the township of Penneshaw all the way across Backstairs Passage to the mainland, from one of the most sought-after locations in Penneshaw. This home is perfectly situated just a five minute stroll, via the scenic sculpture trail, to the gorgeous soft sands of Hog Bay Beach and just 10 minutes to the town's fabulous cafes for a quality caffeine fix and treat.


The current owners reside full-time in this residence and own/manage the highly successful holiday home at the rear of the property on the adjacent community title allotment which is also for sale (definitely take a look).

With three great sized bedrooms, two bathrooms, a spacious laundry with oodles of storage you'll soon see it's a perfect set up for a lock up and leave holiday home or the next place to call home. There really is nothing left to do but book your ferry and pack your bags. Island life is just a phone call away!

The well equipped modern kitchen is sited between the main dining and living areas. The living area boasts exceptional views which can be enjoyed
behind closed doors or by opening up the bi-folds to bring the outside in and enjoy the fresh sea breeze.

The spacious front deck will become a favourite spot to wine and dine with family and friends.

There's room for two cars in the fully enclosed carport and still space to store a few tools and beach toys.

Split system reverse cycle air conditioning is available for year round comfort.

As cliche as it sounds, this really is one of those properties you need to inspect to appreciate the quality of the build and the outstanding value of this offering.

The current owners have put in all the hard work for you and done an incredible job of maintaining both the homes. Whilst available separately, the owners (who are now looking to retire) are willing to negotiate a fabulous package deal should you wish to purchase both 8A and 8B together. So why not consider owning one and renting out the other.....

Inspections are strictly by appointment. Please contact Sophie on 0428 922 515 to find out more.


Specifications:

CT TBC

Council Kangaroo Island

Council Rates $TBC

SA Water $TBC

ESL $TBC

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.

RLA 288582

Property History for 8a Karatta Tce, Penneshaw, SA 5222

A timeline of how this property has performed in the market
  • 13 Feb 2021
    Listed for Sale Contact Agent
  • 16 Nov 2018
    Listed for Sale $350,000
  • 30 Oct 2018
    Listed for Sale $350,000
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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.