8283 Clay Wells RoadPenola SA 5277
Property Details for 8283 Clay Wells Rd, Penola
Last Listing description (May 2020)
An amazing opportunity has arisen to purchase long held land on the outskirts of town, which is big enough in size to provide an income and a wonderful lifestyle too. Situated only 1.5 kilometres from Penola is this 125acre property with 31 acres of established Cabernet Sauvignon Vineyards (CW44) in the Coonawarra Geographic Indication boundary, 50,000kL water taking allocation and 94 acres of red gum studded grazing land. The size of this property allows you to build your dream home (STCC), tend to your vineyard and still run cattle or sheep on your fertile Rendzina soil.
Fenced into 5 paddocks, 2 of which contain the vineyards, this property has two bores, one metered for the vineyard that runs automatic drippers and one for the grazing land to water stock from the windmill. The vineyard bore is in a shed and has power available.
This fabulous property ticks a lot of boxes so don't delay and miss out. Expressions of Interest close 12pm 12th July 2019. Ring Shaun Minge for more information today.
Property History for 8283 Clay Wells Rd, Penola, SA 5277
- 11 Sep 2019Sold for $950,000
- 08 Aug 2019Listed for Sale Expressions of Interest
- 04 Jun 2019Listed for Sale Not Disclosed
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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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