5 Mcpherson St, Penola is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1950. The property has a land size of 602m2 and floor size of 108m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 3 bedroom House sold in Penola in the last 12 months.
First home buyers grab this little beauty before it disappears ... and investors do we have a great property to add to your portfolio. This solid 3 bedroom duplex has a generous, renovated, eat-in kitchen with linoleum floor coverings and a gas stove. Separate lounge room with reverse cycle air conditioner. Tastefully renovated bathroom with shower and vanity. Great enclosed back sunroom with lots of storage which leads to the large backyard. Other features include large garden shed with concrete floor, carport, access to back yard and gas hot water system.
This is a great little starter and at this price why would you still pay rent when you could be paying off your own? Or keep the tenant in and let them pay it off for you.
Phone Jo for your private inspection 0429 854 910
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:
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