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Sold on 21 May 2024 - Price Unavailable

187 Pennyroyal-Wymbooliel Road
Pennyroyal VIC 3235

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Land area: 40ac
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Property Details for 187 Pennyroyal-Wymbooliel Rd, Pennyroyal

Building Type
Land
Land Size
40ac

Last Listing description (May 2024)

Overlooking the beautiful Pennyroyal Valley, and the stunning hills beyond, this vacant land is situated in one of the most sought-after areas of the Otways.
Adjacent to the pristine National Park, it is a convenient five minute drive to Deans Marsh or just 20 minutes from the bustling coastal town of Lorne.
The majority of this 40 acre block is clear and productive land, with approximately 7 acres of beautiful native rainforest. Ideal for all horticultural activities or an opportunity for those seeking a lifestyle change and a serene rural retreat.

Few parcels of land come up for sale in this highly desirable location, offering unparalleled views and an abundance of native wildlife - don't miss this rare opportunity!

The Phone Code for this property is: 70435. Please quote this number when phoning or texting.

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.

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Property History for 187 Pennyroyal-Wymbooliel Rd, Pennyroyal, VIC 3235

A timeline of how this property has performed in the market
Last Sold
21 May 2024
  • 17 May 2024
    Sold for $525,000
  • 10 May 2024
    Listed for Sale $520,000 - $560,000
  • 20 Oct 2021
    Sold for $480,000
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About Pennyroyal 3235

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 31.96% increase. As at 30 November 2024:

  • The median value for Houses in Pennyroyal is $2,913,566 while the median value for Units is $858,670.
There are currently no properties listed for sale, and no properties listed for rent in Pennyroyal on OnTheHouse. According to CoreLogic's data, 3 properties were sold in the past 12 months in Pennyroyal.

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