307 Casterton RoadPenola SA 5277
Property Details for 307 Casterton Rd, Penola
Last Listing description (January 2016)
Only 3kms from Penola on the Casterton Road this allotment is a rare find. 129 Acres with attractive red gum studded paddocks. 3 phase power runs through the allotment it would make an ideal building allotment for your rural lifestyle block, with enough area to do what you want. Property is subject to a Heritage Order.
Great investment, great location. Terms 30 Days - 10% Deposit.
Property Code: 404213049
Property History for 307 Casterton Rd, Penola, SA 5277
- 02 Dec 2015Sold for $375,000
- 06 Oct 2015Listed for Sale AUCTION
- 05 May 2009Sold for $320,000
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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.
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