15 Young St, Penola is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1950. The property has a land size of 400m2 and floor size of 104m2. While the property is not currently for sale or for rent, it was last sold in October 2019.
EXPRESSION OF INTEREST BY 12PM 14TH OF JUNE 2023 (UNLESS SOLD PRIOR)
Ray White Mount Gambier is pleased to present 15 Young Street, Penola, for sale. 'Nan's Place' is a three-bedroom, solid stone home that has been predominantly utilised for Airbnb accommodation in the beautiful setting of rural Penola within the famous Coonawarra wine region.
The property sits conveniently close to Foodland and is opposite the McKay Children's Centre, with the Penola Primary School just moments away.
Additional Property Information:
Age/ Built: 1950
Land Size: 400m2
Council Rates: Approx. $1600 p/a
Short Stay Appraisal: $145.00 - $175.00 per night including cleaning.
Rental Appraisal: A rental appraisal has been conducted of approximately $290.00 to $320.00
The size of Penola is approximately 252.5 square kilometres. It has 14 parks covering nearly 11.5% of total area. The population of Penola in 2011 was 1,706 people. By 2016 the population was 1,571 showing a population decline of 7.9% in the area during that time. The predominant age group in Penola is 60-69 years. Households in Penola are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Penola work in a labourer occupation. In 2011, 70.7% of the homes in Penola were owner-occupied compared with 67.4% in 2016.
Penola has 1,241 properties. Over the last 5 years, Houses in Penola have seen a 93.48% increase in median value, while Units have seen a 46.50% increase. As at 31 October 2024:
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