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.
3
Bedrooms
1
Bathrooms
1
Car spaces
400 m²
Land
105 m²
Building
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
Last sold
No recorded sale price for this property yet.
Local land rate: recorded House sales in Penola (last 5 years) with land size have a median of $346/m² of land (n=41). Districts calculation from recorded sales — not a valuation.
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.
Planning
Planning scheme
Planning and Design Code
Zone
Neighbourhood
N
Jurisdiction
Wattle Range
Wattle Range, SA
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
SAZoned Neighbourhood (Planning and Design Code). Official parcel area about 404 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Street frontage and true lot geometry are not confirmed without open cadastre. Minimum lot size is not loaded, so two-lot subdivision is not confirmed. 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.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. 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.
3 of 10 questions answered so far
Development optionality of this lot
KnownlowZoned Neighbourhood (Planning and Design Code). Official parcel area about 404 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
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?
KnownmediumNo material overlays were returned that would explain a discount. That is not proof the price is fair. Nearby DAs, easements, and flood-layer gaps can still explain a cheap-looking listing — those are not all loaded.
Lot-level flood
UnknownFlood overlay has not been queried for this lot. 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
UnknownNo DA adapter returned applications 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 GambierEXPRESSION OF INTEREST BY 12PM 14TH OF JUNE 2023 (UNLESS SOLD PRIOR)
Ray White Mount Gambier is pleased to present 15 Young Street, Penola, for sale. 'Nan's Place' is a three-bedroom, solid stone home that has been predominantly utilised for Airbnb accommodation in the beautiful setting of rural Penola within the famous Coonawarra wine region.
The property sits conveniently close to Foodland and is opposite the McKay Children's Centre, with the Penola Primary School just moments away.
The 1950s cottage is accessed from an immaculate front garden with a hedge row fence and a stone driveway leading to an ultra-cute country garage with barn door access. A garden gate separates the garage from the main house and leads to a lovely rear garden.
A large limestone verandah welcomes you to Nan's Place through a gorgeous leadlight door opening into a generous entry hall. A lovely front-facing lounge sits to the left. It offers a large window providing lots of natural light and Vertical blinds and curtains for privacy and security. The room is comforted with reverse-cycle air conditioning and grey carpets. It features an ornate brick and stone fireplace with high ceilings and pendant lighting.
Bedroom one sits opposite, also overlooking the garden. It also offers large windows with blinds and curtains, grey carpets and a ceiling fan. A second, carpeted double bedroom sits immediately behind, opposite the kitchen and dining area that is accessed from the hallway.
The lovely country kitchen boasts solid timber cabinetry with lots of storage, a gas cooktop, a gas oven that sits within an original larder recess. It has timber-look lino flooring, a tiled splashback surround and high ceilings with a central pendant light. The heated kitchen and dining space also leads to a rear sunroom through a solid sliding door. This room also benefits from timber-look floors and sits opposite a third, rear-facing bedroom with security blinds and carpets.
The main bathroom sits centrally at the end of the hall for convenience. It is tiled and offers a vanity with a storage cupboard and drawers and a bath with a separate shower.
The toilet sits within the laundry room which is accessed from the sunroom for privacy and convenience. The laundry has a built-in wash trough and lots of room for storage with access outside also from the sunroom.
Outside, the cottage springs to life with a beautiful, paved pergola surrounded by plants and vines, a stone garden bed, and a high fence for privacy and security. This is the perfect place to unwind with a coffee in the morning and enjoy the fermented fruits of the local area in the evening.
The property would be a wonderful home for a young family, a retired couple, or an investor looking to capitalise on holiday let potential. The cottage already attracts occupants for short-stay vacations, with further information available upon request.
Contact Tahlia and the award-winning team at Ray White Mount Gambier to learn more about the property, location and the full scale of potential within this idyllic cottage.
RLA - 291953
Additional Property Information:
Age/ Built: 1950
Land Size: 400m2
Council Rates: Approx. $1600 p/a
Short Stay Appraisal: $145.00 - $175.00 per night including cleaning.
Rental Appraisal: A rental appraisal has been conducted of approximately $290.00 to $320.00
Listing description written by Tahlia Gabrielli, Ray White Mt Gambier — reproduced as published, not verified by Districts.