576 Hinze LanePenola SA 5277
Property Details for 576 Hinze Lane, Penola
Last Listing description (May 2021)
Oakfield well situated only minutes from Penola off Weirs Lane and would make a great addition to any holding.
The property which has been in the Hinze family since 1906 is a rare opportunity to purchase quality lane close to the township in Penola.
Being offered in 3 lots ranging from the main allotment which includes 119.60 acres of black loam soils over limestone and an the improvements which includes a well appointed 5 bedroom home. The other allotments are all 98.84 acres and are open grazing/cropping allotments including waters improvements.
Lot 1 is the larger of the allotments being 48.40 Hectares or 119.60 Acres. This allotment is predominately black loam over clay and is fenced into 5 main paddocks and the house and improvement yard. This portion of the property is watered from the main bore.
Improvements on the land include:
Main Homestead
- Old Cottage
- Woolshed with attached implement shed
- Steel Cattle yards with covered work area
- Timber framed machinery shed
- Hay shed
- Other sundry small shedding
Lot 2 black loam over limestone grazing/cropping land being 98.84 acres which is fenced into 2 main paddocks and watered via solar pump and situated off Hinze Lane.
Lot 3 is again a black loam over limestone grazing allotment being 98.84 acres and is fenced into 2 main paddocks and water via a single windmill. This has access off McWaters Road.
Auction 26th Feb 2021 at the RSL Hall Penola 2pm.
Contact Mark or Tom for an inspection today.
Property Code: 730
Property History for 576 Hinze Lane, Penola, SA 5277
- 16 Dec 2020Listed for Sale AUCTION - 26th Feb 2021 - RSL Hall Penola
- 14 Feb 2017Sold for $325,000
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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 1,241 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.
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