38 Riddoch StreetPenola SA 5277
Property Details for 38 Riddoch St, Penola
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
Property History for 38 Riddoch St, Penola, SA 5277
- 06 Sep 2024Sold for $320,000
- 13 May 2024Sold for $350,000
- 30 Jan 2024Listed for Sale Contact Agent
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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 1,240 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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