OFF MARKET

15 Young Street
Penola SA 5277

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 104m2
Land area: 400m2
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Property Details for 15 Young St, Penola

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.

Building Type
House
Year Built
1950
Floor Size
104m2
Land Size
400m2
Local Government
Wattle Range
Lot/Plan
A11/D72746

Last Listing description (June 2023)

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.

The 1950s cottage is accessed from an immaculate front garden with a hedge row fence and a stone driveway leading to an ultra-cute country garage with barn door access. A garden gate separates the garage from the main house and leads to a lovely rear garden.
A large limestone verandah welcomes you to Nan's Place through a gorgeous leadlight door opening into a generous entry hall. A lovely front-facing lounge sits to the left. It offers a large window providing lots of natural light and Vertical blinds and curtains for privacy and security. The room is comforted with reverse-cycle air conditioning and grey carpets. It features an ornate brick and stone fireplace with high ceilings and pendant lighting.
Bedroom one sits opposite, also overlooking the garden. It also offers large windows with blinds and curtains, grey carpets and a ceiling fan. A second, carpeted double bedroom sits immediately behind, opposite the kitchen and dining area that is accessed from the hallway.
The lovely country kitchen boasts solid timber cabinetry with lots of storage, a gas cooktop, a gas oven that sits within an original larder recess. It has timber-look lino flooring, a tiled splashback surround and high ceilings with a central pendant light. The heated kitchen and dining space also leads to a rear sunroom through a solid sliding door. This room also benefits from timber-look floors and sits opposite a third, rear-facing bedroom with security blinds and carpets.
The main bathroom sits centrally at the end of the hall for convenience. It is tiled and offers a vanity with a storage cupboard and drawers and a bath with a separate shower.
The toilet sits within the laundry room which is accessed from the sunroom for privacy and convenience. The laundry has a built-in wash trough and lots of room for storage with access outside also from the sunroom.
Outside, the cottage springs to life with a beautiful, paved pergola surrounded by plants and vines, a stone garden bed, and a high fence for privacy and security. This is the perfect place to unwind with a coffee in the morning and enjoy the fermented fruits of the local area in the evening.
The property would be a wonderful home for a young family, a retired couple, or an investor looking to capitalise on holiday let potential. The cottage already attracts occupants for short-stay vacations, with further information available upon request.
Contact Tahlia and the award-winning team at Ray White Mount Gambier to learn more about the property, location and the full scale of potential within this idyllic cottage.
RLA - 291953

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

Property History for 15 Young St, Penola, SA 5277

A timeline of how this property has performed in the market
Last Sold
09 Oct 2019
Listed for Rent
$190/w
11 Jul 2019
  • 28 Jun 2023
    Sold for $300,000
  • 03 May 2023
    Listed for Sale Expression of Interest by 12pm 14th of June 2023
  • 09 Oct 2019
    Sold
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About Penola 5277

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:

  • The median value for Houses in Penola is $376,499 while the median value for Units is $262,412.
  • Houses have a median rent of $260.
There are currently 5 properties listed for sale, and no properties listed for rent in Penola on OnTheHouse. According to CoreLogic's data, 60 properties were sold in the past 12 months in Penola.

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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.