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.
SA › Penola › Riddoch St
$455,000
Last sold
14 June 2024
4
Bedrooms
1
Bathrooms
2
Car spaces
851 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
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
$455,000
14 June 2024 · derived via latest_sale
Local land rate: recorded House sales in Penola (last 5 years) with land size have a median of $334/m² of land (n=40). 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.
Vs Penola
+0.6%
Median sale
Suburb $452,500
-0.02 pp
Gross yield
Suburb 3.59%
Suburb median $452,500 from 10 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
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.
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.
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
UnknownArea
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 Thomas DeGaris & ClarksonSituated in a highly sought-after location, this charming and low-maintenance home is set on a spacious 851m2. The Western end of Riddoch St has been transformed in recent years to a cul-de-sac, resulting in minimal traffic flow. Ideal for retirees and families, enjoy the serenity of the quiet environment whilst relishing the convenience of main street cafes, pubs and town amenities being only a 600m walk. Penola Primary School and McKays Kindy and Childcare Centre are a mere 200m away, with Mary MacKillop Memorial School also being situated at the other end of Riddoch St. The newly developed Penola/Coonawarra Rail Trail (perfect for a walk or bike ride) can also be accessed metres from your front door.
The home comprises four spacious bedrooms, with three featuring ceiling fans and two offering built-in robes. The master bedroom is generously sized, presenting an opportunity to add a walk-in robe or an ensuite if you desire. Similarly, this space would make a perfect second living area.
Moving down the hallway, you will find a bathroom with a separate shower and spa bath, a separate toilet, a linen cupboard, and a laundry with external access.
The heart of the home is the open-plan living area, equipped with a slow combustion fire and reverse cycle air conditioning for year-round comfort. This area is bright and airy, offering views of the neighbouring paddock and horses.
Beyond the living space, there is a spacious outdoor entertaining area overlooking the stunning backyard. The backyard really is the star of the show providing a tranquil and private oasis with two magnificent Honey Locust trees providing shade during the Summer months. The lush lawn, established fruit trees, and hedging add to the charm.
A standout feature is the double-length garage with a roller door, polished concrete floors, and ample space to create the ultimate man-cave or activity room.
The property has just been refreshed with paint throughout, it is equipped with rainwater and secure fencing is suitable for children and pets to run around safely.
Penola is the gateway to South Australia’s famous Coonawarra wine region and a must-visit tourist destination. This idyllic, character filled township has so much to offer; wineries & cellar doors, cafes, fine dining, art galleries and it's own heritage listed lane. Make the tree change, experience Penola's vibrant, supportive community and easily access the stunning coastal towns like Robe (only 1 hour away) and capital cities with Mt Gambier airport only a 25 minute drive away.
Contact Karly Honner 0438 339 729 or Mark De Garis 0428 372 124 to arrange an inspection today.
Property Code: 917
Listing description written by Karly Honner, Thomas DeGaris & Clarkson — reproduced as published, not verified by Districts.
Nearby 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.