55 Portland StreetPenola SA 5277
Property Details for 55 Portland St, Penola
55 Portland St, Penola is a 10 bedroom, 3 bathroom Unit. The property has a land size of 1003m2 and floor size of 287m2. While the property is not currently for sale or for rent, it was last sold in December 2021.
Last Listing description (September 2019)
The old eagles nest backpackers building is already set up to start your own accommodation facility. It offers:
Main bedroom with en-suite
9 dormitory style bedrooms
Ducted heating and cooling throughout
Laundry, Male and Female bathrooms and
Large open lounge room and dining area
Whether used as a backpackers or a permanent residence is completely up to you. Modifications could be made in order to suit other possible uses.
Well worth a look if you are looking for a great project and a great income. Sold as building only, no business attached.
Contact Mark or Tom today to arrange an inspection
Property Code: 416
Property History for 55 Portland St, Penola, SA 5277
- 22 Dec 2021Sold for $295,000
- 15 Oct 2019Sold for $240,000
- 20 Apr 2011Listed for Sale $520,000 - $550,000
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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 1,237 properties. Over the last 5 years, Houses in Penola have seen a 103.96% increase in median value, while Units have seen a 46.66% increase. As at 30 September 2024:
- The median value for Houses in Penola is $378,781 while the median value for Units is $253,138.
- Houses have a median rent of $260.
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