740 Pennyroyal Valley RoadPennyroyal VIC 3235
Property Details for 740 Pennyroyal Valley Rd, Pennyroyal
Last Listing description (August 2024)
The lush, ever-changing Pennyroyal Valley is fast becoming the jewel for those seeking the lifestyle change of serenity and rural living, however the spoils of Lorne's coastal vibe only being a 20 minutes' drive or the many well known Cellar doors on your doorstep!
Superbly positioned within the Cul de Sac of Pennyroyal Valley Road, is this rare and truly beautiful parcel of 100 acres, cocooned by National Park on 2 of its boundaries. The large whispering Poplars welcome you at the entrance along with the family of kangaroos and an abundance of birdlife.
The property boasts a 2 bedroom cottage, one of the only dwellings on Pennyroyal Valley Road with an absolute north orientation! Open plan kitchen, living, dining area opening to outdoor deck and taking in majestic hilltop and everlasting pasture views. Off the cottage is an undercover porch and a bunk room with separate bathroom, accommodation for the whole family.
Property History for 740 Pennyroyal Valley Rd, Pennyroyal, VIC 3235
- 01 Jun 2024Sold for $1,450,000
- 06 May 2024Listed for Sale Not Disclosed
- 08 Dec 2020Listed for Sale $1,595,000
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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 81.17% increase in median value, while Units have seen a 22.83% increase. As at 31 August 2024:
- The median value for Houses in Pennyroyal is $1,382,394 while the median value for Units is $900,607.
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