Set over 3 titles amongst the beautiful Pennyroyal hills, and with stunning views all around, this property provides a rare opportunity to build your dream home and lifestyle in this highly sought after location.
Comprising approx. 49 acres, with a further leased option to total almost 60 acres, here is a beautiful blank canvas to create your own rural based enterprise in a simply superb setting.
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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