22 Arthur St, Penola is a 2 bedroom, 1 bathroom House with 1 parking spaces.
Ray White Mt Gambier is pleased to present this unique, historic cottage at 22 Arthur Street, Penola, for auction. Located close to the Penola High School, with Foodland, lots of dining options and the hospital in close proximity - it's the story behind this incredible building that sets it apart. Perfect for attracting holiday let income, this historical cottage sits at the gateway to the world famous Coonawarra wine region, with a plethora of Australia's top wineries available for cellar door tastings, dining experiences and tours.
This charming two-bedroom home has a rich history. Built by ex-convict Henry Roden after purchasing the land in 1861, it was one of the first homes built in Penola. Henry left his second wife a shilling for her troubles when he died, but it was Scottish-born migrant, Elizabeth Air (nee May) who was declared beneficiary of all of his properties. She lived in Air's cottage until 1882, when she relocated to Hotham, Victoria. Henry's burial was arranged by James Air, with his grave the first erected in the Penola New Cemetery. The history of this incredibly well-maintained cottage continues with previous owners, including David McAdam, Hilda Patterson, James Umpherston and Lesley Strand. It spent a period as a bed and breakfast but has been returned to its former glory as a residential property with the potential for holiday accommodation. It is available for purchase at auction.
This solid-built home has genuinely stood the test of time, looking as brilliant now as it would have when first constructed - with more than a few modern touches to welcome its new owners in 2023.
Additional Property Information:
Age/ Built: Approx. 1861
Land Size: Approx. 1,150m2
Council Rates: Approx. $440 Per Quarter
Rental Appraisal: A rental appraisal has been conducted of approximately $300 to $330 per week.
Short Stay Appraisal: A short stay appraisal has been conducted of approximately $200 per night, plus cleaning.
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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