OFF MARKET

68 South Terrace
Penola SA 5277

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Land area: 19564m2
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Last updated 11 Nov 2024
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Property Details for 68 South Tce, Penola

68 South Tce, Penola is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 19564m2.

Building Type
House
Land Size
19564m2
Local Government
Wattle Range
Lot/Plan
A602/D89773

Last Listing description (July 2024)

Whether you wish to develop or build your dream home with land, or want to consider subdivision (subject to approval), this opportunity rarely jumps onto the market! And you can make it exactly what you want. Situated at the western end of South Terrace in Penola, sole access is from town so traffic at the front of the property will usually only be your own. South Terrace overlooking the commonage land has been a preferred outlook for many establishing higher end properties.There is an existing home, and large shed, that was converted from the original Drive-in office and cafeteria building. Three bedrooms and a large open living area could house a family, or be converted into worker's accommodation which is desperately needed in town.Features include: Two titles- Allotment 122 (1100m2 approx.) and 602 (1.97ha approx.) Rainwater with pump, Bbore near the Projector Shed Fenced paddocks Zoning offering versatility (subject to approval)Contact us for inspection or information:Karyn Prelc -0402 268 137 or Nedd Golding - 0408 422 816RLA277795

Property History for 68 South Tce, Penola, SA 5277

A timeline of how this property has performed in the market
  • 22 Jul 2024
    Listed for Sale Price On Application
  • 25 Mar 2024
    Listed for Sale Price On Application

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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.

Suburb Insights for Penola 5277

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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.