OFF MARKET

7 Shanks Street
Penola SA 5277

Bedrooms: 4
Bathrooms: 1
Car spaces: 2
Floor area: 137m2
Land area: 689m2
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Property Details for 7 Shanks St, Penola

7 Shanks St, Penola is a 4 bedroom, 1 bathroom House with 2 parking spaces and was built in 2001. The property has a land size of 689m2 and floor size of 137m2. While the property is not currently for sale or for rent, it was last sold in March 2023.

Building Type
House
Year Built
2001
Floor Size
137m2
Land Size
689m2
Local Government
Wattle Range
Lot/Plan
A72/D44283

Last Listing description (November 2024)

Located in a quiet section of popular Penola, this unique family home is bound to impress.

Built in an appealing octagonal design, the central kitchen looks over the open entrance, living, and dining areas. Exposed beams set off the unique appeal of the roof and the shape of the home.

The open ceiling and clever walling separated the kitchen from the rear passageway. allow good airflow from reverse cycle airconditioning at both the front and rear of the home, servicing it well. A wood fire in the lounge also easily heats this cleverly designed home.

The passageway running around behind the kitchen conveniently leads to 3 bedrooms, the laundry, the separate toilet, and the spa bathroom area. The main room boasts a walk-in wardrobe.

The lounge section opens out to an established outdoor entertaining area, garden, and cubby house. A large shed houses vehicles and a maintenance area at the front. A separate side section of the shed, an optional 4th living space currently used as a teen retreat with a bedroom and lounge.

This property is attractively priced for families, investors, or those new to the market.

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Property History for 7 Shanks St, Penola, SA 5277

A timeline of how this property has performed in the market
Last Sold
$330,000
16 Mar 2023
  • 16 Mar 2023
    Sold for $330,000
  • 15 Nov 2022
    Listed for Sale $325,000 - $340,000
  • 19 Jul 2006
    Sold for $190,000
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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 1,241 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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