OFF MARKET

2 Mcpherson Street
Penola SA 5277

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 102m2
Land area: 594m2
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Property Details for 2 Mcpherson St, Penola

2 Mcpherson 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 594m2 and floor size of 102m2. While the property is not currently for sale or for rent, it was last sold in May 2022.

Building Type
House
Year Built
1950
Floor Size
102m2
Land Size
594m2
Local Government
Wattle Range
Lot/Plan
A7/F50081

Last Listing description (May 2022)

2 McPherson Street Penola; On offer, a solid Mount Gambier stone duplex (one half of) set on an easily manageable 604m2 allotment.

This neat & tidy, well-maintained home is a great entry level property AND for the astute investor, has potential to earn a good return as a rental property with rental demand in Penola a sure bet. Our property Manager has appraised the weekly rental as $230 - $250 per week.

A freshly painted exterior sets this house apart from the rest. The interior comprises a separate living room (also recently painted) with attractive mantle, reverse cycle air conditioner and ceiling fan for year-round comfort. A central corridor connects three bedrooms (all carpeted) a bathroom in great condition and the dine in kitchen; well-equipped with gas cooktop as well as cabinetry and lino flooring in good condition.

From here connect to the laundry, separate toilet, and access to the rear veranda. Extending from here, further outdoor undercover space, perfect for entertaining. A car pergola and garden shed complete the package.

Other items to note;

- Solar panels installed.

- Second reverse cycle air conditioner to bedroom.

- Recently upgraded quality heat pump hot water system.

- Rainwater & SA Water connection available to the house.

- Aluminum windows throughout.

- Wattle Range Council rates approx. $1,554 per year.

This is an outstanding opportunity for someone wanting to break into the thriving property market. Whether you are an investor, first homeowner or retiree, call Meg 0407 740 034 today to arrange your private inspection. This one, will not last long.

Property Code: 811

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Property History for 2 Mcpherson St, Penola, SA 5277

A timeline of how this property has performed in the market
Last Sold
$170,000
16 May 2022
  • 16 May 2022
    Sold for $170,000
  • 22 Feb 2022
    Listed for Sale UNDER CONTRACT
  • 26 Sep 2012
    Listed for Sale Not Disclosed
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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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