Stunning panoramic views over Otway National Park are unimpeded from every room in this architect designed hinterland property.
The spacious 18 acres bordering Pennyroyal Creek below has been well maintained by owner of 27 years and includes driveway access to your front door, a flat east facing grassed area and established track to treed lower section of the property.
It is a sprawling dwelling over two levels that can be utilised as a one, two or three bedroom home. Currently it is configured as a purpose designed holiday rental targeting couples, complete with spa/sauna room, 1 large bedroom and huge second living space.
The size of Pennyroyal is approximately 30.1 square kilometres. It has 2 parks covering nearly 55.7% of total area. The population of Pennyroyal in 2011 was 372 people. By 2016 the population was 70 showing a population decline of 81.2% in the area during that time. The predominant age group in Pennyroyal is 50-59 years. Households in Pennyroyal are primarily childless couples and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Pennyroyal work in a managers occupation. In 2011, 82.3% of the homes in Pennyroyal were owner-occupied compared with 72.8% in 2016..
Pennyroyal has 96 properties. Over the last 5 years, Houses in Pennyroyal have seen a 145.42% increase in median value, while Units have seen a 29.34% increase. As at 31 October 2024:
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