Set in the picturesque Pennyroyal Valley this 6 acre (approx.) property is a rare gem and is on the market for the first time in over thirty years.
The quaint Victorian cottage has two very large bedrooms and is complemented by a garden containing a mix of rare conifers, deciduous and native trees.
Improvements consist of a large workshop and studio, both with concrete floors and power connected. (Studio has NBN satellite connected.) Added to this is numerous sundry shedding, infrastructure in place for horses, sheep, goats and poultry, an established orchard (25 years old) and the Pennyroyal Creek along one boundary.
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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