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Sold on 06 Sep 2024 for $320,000

38 Riddoch Street
Penola SA 5277

Bedrooms: 1
Bathrooms: 1
Car spaces: 4
Floor area: 206m2
Land area: 1013m2
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Thomas Degaris & Clarkson Penola RLA44072
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Property Details for 38 Riddoch St, Penola

Building Type
Commercial
Year Built
1970
Floor Size
206m2
Land Size
1013m2
Local Government
Wattle Range
Lot/Plan
A4/D233

Last Listing description (September 2024)

Character filled cottage on 1,296m2

Here presents itself your chance to own a piece of Penola's history. Situated at the rear of a huge 1,296m2 allotment, a charming one-bedroom cottage built by 'Penola's founder' Alexander Cameron in the 1850's. The cottage has been impeccably restored making this perfect as an Airbnb or an excellent starting point to expand and build onto as part of a larger home (STCA). The cottage offers beautiful timber floors, high ceilings and skirtings and stunning yard and established (yet low maintenance) garden and lawns. Enjoy a glass of Coonawarra red under the beautiful rotunda taking in the lovely surroundings and complete privacy that the fencing provides.

The title also offers;

- Approx 300m2 of vacant land off Riddoch street ideal for car parking or development STCA

- Attractive large rotunda and smaller gazebo to cottage garden.

- 25,000L Rainwater.

- 5 kilowatts of solar power.

- Carport.

- Double length garage.

- Enclosed yard with good fencing.

- Veggie patch

Situated in the most central of locations, literally a stone's throw away from the Royal Oak Hotel, Foodland Supermarket and fantastic main street amenities. Both primary schools are a three-minute walk from the front gate and the Penola Rail Trail bike track is a short stroll down the road.

Contact Karly Honner on 0438 339 729 to arrange an inspection today!

Property Code: 911

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Property History for 38 Riddoch St, Penola, SA 5277

A timeline of how this property has performed in the market
Last Sold
$320,000
06 Sep 2024
  • 06 Sep 2024
    Sold for $320,000
  • 13 May 2024
    Sold for $350,000
  • 30 Jan 2024
    Listed for Sale Contact Agent
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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 93.11% increase in median value, while Units have seen a 39.67% increase. As at 30 November 2024:

  • The median value for Houses in Penola is $369,647 while the median value for Units is $257,082.
  • Houses have a median rent of $260.
There are currently 7 properties listed for sale, and no properties listed for rent in Penola on OnTheHouse. According to CoreLogic's data, 57 properties were sold in the past 12 months in Penola.

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