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Sold on 23 Jan 2024 - Price Unavailable

47 Portland Street
Penola SA 5277

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Land area: 996m2
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Property Details for 47 Portland St, Penola

47 Portland St, Penola is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 996m2. While the property is not currently for sale or for rent, it was last sold in January 2024. There are other 3 bedroom House sold in Penola in the last 12 months.

Building Type
House
Land Size
996m2
Local Government
Wattle Range
Lot/Plan
A4/D4259

Last Listing description (January 2024)

Ray White Mt Gambier is pleased to present 47 Portland Street, Penola, for sale.

This solid three-bedroom 1950s home sits just outside the Penola Football and Netball Club, with the Penola High School just around the corner. The home is close to pubs, cafes, shopping and the Penola Foodland - with the Coonawarra's many wineries and cellar doors nearby.

This is an investment property or first home opportunity. It would be suitable for generating income from a holiday let (STCA). The property offers a large rear garden with a gated entry that is accessed via a paved driveway to the left of the house.

A neat, tidy, low-maintenance garden sits in front of the home. It is divided by a pathway leading to the entry portico. Inside, an open-plan living room, dining space and kitchen features timber floorboards, and white walls and window coverings. It is comforted with reverse cycle air conditioning, a ceiling fan, and a recently installed combustion fireplace with a black hearth. Maximum natural light is achieved through front, side-facing and rear-facing windows.

The kitchen area offers above and below bench cabinetry along the rear wall and a single sink overlooking the side of the property with under-bench storage. A stand-alone stainless-steel oven with a gas cooktop and a range sits between the sink and the fireplace. This new appliance has the flexibility to work wonderfully within any updated kitchen design.

Three carpeted bedrooms sit to the right of the communal area, accessed from the hallway. Two double bedrooms overlook the front garden: bedroom one benefits from a ceiling fan, and bedroom two from a built-in robe. The third bedroom faces the rear garden and patio and sits adjacent to the family bathroom. All bedrooms are decorated with white walls and offer white roll-down blinds for privacy.

The bathroom has a vanity and basin with storage, and a glass frame shower with an exhaust fan and a heat lamp. It has original, neutral tiles and a mirrored medicine cabinet.

The toilet is separate for privacy and convenience and sits behind the kitchen, adjacent to a laundry. The laundry room has a wash trough and accesses the garden via a spacious paved patio.

A double shed/garage is located in the far rear corner of this enormous, fully-grassed backyard, surrounded by fencing on all sides. A potting shed sits on the opposite corner, ideal for storage gardening equipment or as a wood store.

The lawn area offers a garden path leading to a watering system and has a clothesline and a rainwater tank. The size of this space is an attractive feature for any investor looking to renovate or build additional accommodation (STCA). It is a fantastic space for children and pets, and the low-maintenance nature of both front and rear gardens make it ideal for rental.

This is a neat, well-maintained property and home with lots of potential for an investor, young family, or perhaps a seasonal worker. Contact the knowledgeable and experienced team at Ray White Mt Gambier to learn more about rental or development opportunities and to book a viewing today.

RLA - 291953
Additional Property Information:
Age/ Built: 1955
Land Size: 1,000m2
Council Rates: Approx. $468 p/q
Rental Appraisal: A rental appraisal has been conducted of approximately $280 - $300 per week.

Property History for 47 Portland St, Penola, SA 5277

A timeline of how this property has performed in the market
Last Sold
23 Jan 2024
Listed for Rent
$220/w
24 Jul 2020
  • 01 Sep 2024
    Listed for Sale $329,000
  • 16 Feb 2024
    Sold for $252,500
  • 06 Dec 2023
    Listed for Sale $259,000 - $279,000
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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.
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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Contact agent
Tahlia Gabrielli
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Leearna Roberts
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Ray White Mt Gambier
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.