Frenchmans TerracePenneshaw SA 5222
Property Details for Lot 59 Frenchmans Tce, Penneshaw
Last Listing description (February 2017)
A terrific development opportunity exists with this generous in size vacant land parcel on the seafront of picturesque Penneshaw.
North facing, with uninterrupted ocean views, such an offering is rare, with limited remaining land available on the water front of this beautiful coastal town.
The allotment size of approximately 1000m2 with 20 metres of frontage, enables various building designs, with even the simplest design still gauranteed to offer the most stunning ocean views.
Kangaroo Island is fast becoming renowned as a destination on a world scale for it's pristine environment and a safe day to day living lifestyle, now more highly sought after in unsettling times.
For more information on local builders and important local knowledge to assist you with developing this superb parcel contact long time resident local agent Michael Barrett on 0427 727 333.
Property History for Lot 59 Frenchmans Tce, Penneshaw, SA 5222
- 12 Jun 2016Listed for Sale $350,000
- 05 Nov 2015Listed for Sale Not Disclosed
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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.
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