OFF MARKET

7 Mcarthur Street
Penola SA 5277

Bedrooms: 4
Bathrooms: 1
Car spaces: 1
Floor area: 118m2
Land area: 1018m2
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Last updated 11 Nov 2024
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Property Details for 7 Mcarthur St, Penola

7 Mcarthur St, Penola is a 4 bedroom, 1 bathroom House with 1 parking spaces and was built in 1950. The property has a land size of 1018m2 and floor size of 118m2. While the property is not currently for sale or for rent, it was last sold in November 2022.

Building Type
House
Year Built
1950
Floor Size
118m2
Land Size
1018m2
Local Government
Wattle Range
Lot/Plan
A308/F191680

Last Listing description (November 2024)

Karyn Prelc from Malseed's Real Estate, is pleased to offer a rare opportunity to acquire an historical family home and property in the quiet North western corner of popular Penola!

This solid stone home with 10 foot ceilings, a lofty roof and carpeted original wooden flooring is now inviting someone to bring their touch to it to enhance the heritage or renovate to combine the beauty of old with the contemporary slick of new. Whilst able to immediately occupy, development upon purchase has endless potential.

The home has 3 bedrooms, a combined bathroom/toilet, seperate kitchen and front lounge with reverse cycle air conditioning and a combustion wood fireplace. a seperate build in lobby hosts a 4th sleepout off the northern end, and seperate laundry at the other. The home also has a security system installed with monitor for viewing of movement in the lounge room.

The lobby opens out to a large rear yard with rain water tank, new 4 bay shed and an old transportable cabin used to house jockeys, part of the amazing history here.

Contact the agent with expressions of interest should you wish to purchase a small part of the Penola/Coonawarra history and make it your own!

On a seperate title, the vendor is also calling for expressions of interest in his neighbouring block, a huge 2500m2 (approx)! Imagine developing this or turning both properties into your own family Estate.

Information: A large residential title encompassing two blocks, 9 McArthur Street holds many possibilities (STPA). In a quieter street, this would be the perfect place to build 4 units, subdivide for two houses on large blocks, or build and create your own estate in town. (STPA)
Currently housing some horse stables and shedding, this block offers opportunity to live adjacent to pets, to house vehicles or develop a beautiful garden area.

Phone Karyn to secure this property today

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Property History for 7 Mcarthur St, Penola, SA 5277

A timeline of how this property has performed in the market
Last Sold
$300,000
22 Nov 2022
  • 22 Nov 2022
    Sold for $300,000
  • 30 Jun 2022
    Listed for Sale Expressions of Interest
  • 25 Feb 2013
    Transferred

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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.

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