OFF MARKET

Karatta Terrace
Penneshaw SA 5222

Bedrooms: 7
Bathrooms: 4
Car spaces: 3
Land area: 1218m2
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Property Details for Karatta Tce, Penneshaw

Karatta Tce, Penneshaw is a 7 bedroom, 4 bathroom House with 3 parking spaces. The property has a land size of 1218m2. While the property is not currently for sale or for rent, it was last sold in February 2002.

Building Type
House
Land Size
1218m2
Local Government
Kangaroo Island
Lot/Plan
A178/T110201

Last Listing description (November 2015)

A BUSINESS OPPORTUNITY OR INVESTMENT OPPORTUNITY OR SIMPLY A RESIDENCE/HOLIDAY HOUSE.
SEA VIEWS WITH BEACH & FERRY JUST MINUTES AWAY!
RESIDENCE 1 - $480,000 - $499,000 & RESIDENCE 2 - $470,000 - $490,000

Every day a holiday! A lifestyle experience on world renowned Kangaroo Island that is priceless!
A unique offering of both properties to be sold individually or as a whole, with Res 2 currently operating as the highly acclaimed 'SeaShells' Penneshaw Holiday Accommodation.
Res 2 comprises 2 separate units , separated by secure door and acoustic rated dividing wall, but can also be fully open for larger family/ group requirements.
Your choice of options to reside and enjoy Res 2 as a business opportunity, or even rent out both properties!
An itemised inventory list of included items in the sale is available for Res 2, also a separate list of items for sale by private negotiation with owners for Res 1.
Impeccable quality and architecturally designed, this modern and stylish c2006, self- catering accommodation and family residence is simply STUNNING!
Overlooking Penneshaw township, Sealink Ferry Terminal and the pristine, shimmering blue waters of Hog Bay across to the mainland this is LOCATION! LOCATION!
Uninterrupted, panoramic ocean views and stunning sunsets!!!
Well elevated so as to not be obstructed by homes in view and with a private rear yard that abuts the council reserve ensuring no rear neighbours.
Directly opposite there is a walkway down to the beach just 3 streets away and less than a five minute walk!
Walking distance to the ferry terminal, even the shops and facilities in the town centre - Your choice to walk or take the car!
Meticulous attention to detail and quality features will impress. There is even acoustic insulation between bedroom and living area walls in both properties!!!
These properties need to be seen to be fully appreciated!
Some features of Res 2 -
BLUE SEAS comprises 3 large bedrooms, spacious open plan kitchen, dining and living, with fold back doors opening out to the front decking and the amazing sea views.
There is also a fully tiled bathroom with bath, separate shower, vanity and separate WC. A major PLUS is the spacious laundry with washing machine and dryer so needed when travelling!
All 3 bedrooms have ceiling fans, and BIRs. Heating and cooling is available with a split system in the living area.
GREEN SEAS comprises 1 large bedroom with BIR and ceiling fan, fully tiled ensuite bathroom, and open living and dining with kitchenette with split system heating and cooling.
Some features of Res 1
Firstly, there are the amazing uninterrupted sea views from the open plan living, dining and kitchen, which opens out to the front deck through folding glass doors.
The decking area is ideal for extended entertaining or simply a serene place to enjoy the scenery with a wine or cup of coffee in hand!
The kitchen d cor is stunning, with bold cobalt blue benches and cupboards, and edgy stainless steel a highlight and complementing the ever changing colours of the sea.
Built in stainless steel appliances include bench top hotplates, oven, microwave, dishwasher and range hood.
The main bedroom also enjoys sea views, and a super spacious, fully tiled ensuite and WIR.
Bedrooms 2 and 3, both with BIRs, are located at the rear of the home.
Heating and cooling with a split system in the living area plus ceiling fans in all 3 bedrooms.
The fully tiled bathroom, separate WC, and a practical laundry with loads of storage and bench space are conveniently centrally located.
Services to both properties include
Separate water and separate electricity meters, served with mains water.
Waste management system will commence installation mid 2015 that will negate the need for septic and soakage trench disposal of waste waters.
Rainwater tank Res 1- 2 tanks X 15,000Leach, and Res 2 2 tanks X 10,000L each.
Hot water service is electric and solar.
There are 10 solar panels located on Res 2.
WOW! So many quality features and a superb location, so close to facilities and SEA!

Property History for Karatta Tce, Penneshaw, SA 5222

A timeline of how this property has performed in the market
Last Sold
$60,500
13 Feb 2002
  • 20 Mar 2015
    Listed for Sale Res 1 -$480 - $499K & Res 2 -$470 - $490K
  • 13 Feb 2002
    Sold for $60,500

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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.