OFF MARKET

40 Young Street
Penola SA 5277

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1029m2
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Property Details for 40 Young St, Penola

Building Type
Land
Land Size
1029m2
Local Government
Wattle Range
Lot/Plan
A108/F50

Last Listing description (February 2023)

TDC are please to present to the market a rare opportunity to secure a large, attractive allotment in the centre of historic Penola; The gateway to South Australia's famous Coonawarra wine region and a must-visit tourist destination.

The location is amazingly central. Only metres away - the main street shops and eateries easily accessible via the town square, and the state heritage listed Petticoat lane and historic Mary McKillop centre are just around the corner.

This premier property is versatile, flexible and ready to build on now; Level, high and with attractive mature trees and hedging. This unique parcel of land would be an ideal location for your forever home, boutique accommodation or for the astute investor a development opportunity; A pair of townhouses on separate titles (STCA) would be the toast of the town.

The allotment offers a good sized 1,037m2 with 22m frontage to Young Street & 45m frontage to Arthur Street including crossovers to both. SA water, power and common effluent is available, and there is good fencing on two sides.

The regional movement is real and happening now - Stay connected - Mount Gambier is 30 minutes' drive where the airport connects daily with Melbourne and Adelaide via REX and Qantas Link.

Parcels of this nature rarely become available, and this one surely won't last long. Please contact Meg Redman for more information 0407 740 034.

Property Code: 802

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Property History for 40 Young St, Penola, SA 5277

A timeline of how this property has performed in the market
Last Transferred
$150,000
31 Jan 2023
  • 31 Jan 2023
    Transferred for $150,000
  • 11 Nov 2021
    Listed for Sale $230,000
  • 23 Jan 1996
    Sold for $43,500

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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.
There are currently 5 properties listed for sale, and no properties listed for rent in Penola on OnTheHouse. According to CoreLogic's data, 60 properties were sold in the past 12 months in Penola.

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