Penola at a glance
1,674
People
$452,500
Median sale
$312/wk
Median rent
3.59%
Suburb gross yield
Median sale from 10 recorded sales (last 12 months) — a Districts calculation.
$850,000–$890,000
For sale
Asking range
4
Bedrooms
2
Bathrooms
2
Car spaces
5,520 m²
Land
Districts View
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Asking
$850,000–$890,000
Asking range · $154/m² of land
No recorded sale for this property.
Penola at a glance
1,674
People
$452,500
Median sale
$312/wk
Median rent
3.59%
Suburb gross yield
Median sale from 10 recorded sales (last 12 months) — a Districts calculation.
Vs Penola
+87.8%
Median sale
Suburb $452,500
-1.68 pp
Gross yield
Suburb 3.59%
Suburb median $452,500 from 10 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Based on the low end of the asking range, not a contract price.
$53,033 on top of the price (6.2% extra)
Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.
Stamp duty and transfer fees: South Australia schedules from 2026-07-01. Ongoing council rates and land tax are not included.
Based on the low end of the asking range, not a contract price.
Pre-filled with Penola's advertised median rent — not a rent for this listing.
Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
SAPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded. This lot’s own applications are a separate question.
Rental
No advertised rent is recorded. Suburb median rent $312/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded. This lot’s own applications are a separate question. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Gross yield if leased at the suburb aggregate is 1.9%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownNearby development applications are not loaded. This lot’s own applications are a separate question.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Penola at a glance
1,674
People
$452,500
Median sale
$312/wk
Median rent
3.59%
Suburb gross yield
Median sale from 10 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White Mt GambierExpressions Of Interest by 12pm Thursday 25th June 2026 (Unless Sold Prior)
Set in one of the most admired pockets of Penola, 10 South Terrace presents a rare opportunity to secure a substantial lifestyle property where space, privacy and timeless quality come together in perfect harmony. Renowned for its rich history, welcoming community and close proximity to the world-famous Coonawarra Wine Region, Penola continues to attract buyers seeking an enviable country lifestyle with all the conveniences of a thriving regional township. Framed by uninterrupted vineyard and rural outlooks that will never be built out, this exceptional property offers peace, prestige and a truly picturesque setting.
Beautifully maintained and lovingly cared for over many years, this brick residence is surrounded by award-winning established gardens once showcased as part of local open garden events. Freshly painted throughout and offering an abundance of living space, the home has been thoughtfully designed for comfortable family living, entertaining and working from home. With extensive shedding, immaculate grounds, outstanding storage and self-sufficient infrastructure, this is a property unlike anything else currently available on the market.
Property Features
• Brick construction with maintained tiled roof
• 3 spacious bedrooms plus dedicated study/nursery with external access
• Expansive master suite with huge walk-in wardrobe and ensuite
• Open plan kitchen, dining and living area
• Additional formal lounge room which lends perfectly to the creation of an additional bedroom
• Kitchen and bathrooms in excellent original condition
• Fully ducted reverse cycle air conditioning throughout
• Large slow combustion wood heater in the family room
• Generous laundry with full wall of floor-to-ceiling storage cupboards
• Freshly painted interiors throughout
• Outdoor undercover pergola and BBQ entertaining area
• Double carport under the main roof with direct access into the home
• Bitumised circular turnaround driveway
• Massive industrial height shed ideal for workshop, caravan, boats and machinery storage
• Shed includes mezzanine storage floor
• Three-phase power connected to the shed
• Solar panels installed on the shed
• Two bores servicing the property
• Automated 10-station watering system
• Dedicated vegetable garden with composting areas and irrigation
• Established fruit trees and beautifully maintained award-winning gardens
• New rainwater tank connected to the house
• Woodshed for convenient dry wood storage
• Automatic security lighting to house and shed
• Hardwired smoke alarms installed
• NBN modem connected
• All-electric home with no gas connection
• Quiet location with uninterrupted rural and vineyard outlooks
• Council Rates: Approx $806 per quarter
Properties of this calibre, with such extensive infrastructure, established grounds and peaceful surrounds, are exceptionally difficult to find. This is a unique lifestyle opportunity offering space, comfort and long-term quality in one of the Limestone Coast's most desirable townships.
To arrange your private inspection, contact Karyn Prelc on 0402 268 137 at Ray White Penola/Mt Gambier - RLA 291953.
Listing description written by Karyn Prelc, Ray White Mt Gambier — reproduced as published, not verified by Districts.