6 Mcpherson St, Penola is a 3 bedroom, 1 bathroom House with 3 parking spaces and was built in 1950. The property has a land size of 609m2 and floor size of 103m2. While the property is not currently for sale or for rent, it was last sold in September 2022.
This solid Mount Gambier stone duplex situated on an easy to maintain 600m2 is the ultimate investment opportunity.
The property has been recently refreshed with brand new kitchen and flooring throughout - making it an easy set and forget investment. The home offers three spacious bedrooms, a modern bathroom (with bath) and linen cupboard in the hallway. The North facing living room features reverse cycle air con and wood heating and extends to the brand new kitchen. The kitchen offers ample bench space, overhead cupboards, electric cooking and large pantry. A separate toilet and laundry can be found at the rear of the home.
Outside the property is fully fenced (ideal for pets) and features a double bay shed with concrete floor and power. A lean-to comes off the side of the shed to provide extra shelter and there is a rainwater tank fitted.
Property Code: 827
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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