36 South TerracePenola SA 5277
Property Details for 36 South Tce, Penola
36 South Tce, Penola is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1955. The property has a land size of 915m2 and floor size of 142m2.
Last Listing description (March 2019)
A rare opportunity for the astute investor with this dual income allotment. This house and flat combination offers;
3 bedroom house + 1 bedroom detached flat.
The two premises affords the purchaser plenty of options; Live in one and rent out the other / rent both [Both premises are currently tenanted and EARNING A GOOD INCOME for the landlords] / keep it all for yourself; the flat is perfect for guests or as a teenage retreat.
There is also a single garage. Off the side of the main house is a low maintenance single bedroom flat. The flat features combined kitchen, dining and lounge room, reverse cycle air conditioning and single carport.
Both are surrounded by a neat and tidy, low maintenance yard that is fully fenced.
Don t miss this rare and affordable investment opportunity. Call today for an inspection.
Property Code: 409
Property History for 36 South Tce, Penola, SA 5277
- 19 Dec 2017Listed for Rent $195 / week
- 27 May 2015Listed for Sale PRICE DROP $150,000
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0About 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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