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.
$625,000
Last sold
22 Jan 2024
3
Bedrooms
2
Bathrooms
1
Car spaces
600 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
$625,000
22 Jan 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
+38.1%
Median sale
Suburb $452,500
-0.99 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
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 Thomas DeGaris & ClarksonTDC proudly present to the market this rare opportunity to secure a fabulous home in one of Penola’s most central locations.
Situated on a spacious, yet low maintenance 600m2, this attractive stone home is ideally suited to the retiree or family seeking convenience.
Enter the property off Queen St to be greeted by a vast open plan kitchen, living and dining area. The Northerly aspect fills this area with an abundance of natural light through large windows and doors. These views to the outside create a seamless connection to the well sized outdoor entertaining area and garden and frame the beautiful Church and Mary MacKillop park across the road. The gardens are a hidden sanctuary and a real feature of the property, with lush florals, shrubs and established trees all creating peace and tranquillity.
The well-equipped kitchen offers gas cooktop, dishwasher, ample storage (with walk in pantry) and hideaway for the toaster and kettle.
The three bedrooms are all of good size, with bedroom 2 and 3 offering BIR's. The master bedroom boasts a WIR and ensuite with beautiful bay window overlooking the stunning gardens. The main bathroom conveniently offers dual access - with access via the central passage, or via bedroom 2. The laundry can be found at the rear of the home with good storage and external access to rear yard.
The property also offers a garage with roller door under the main roof, with internal door to the open plan living area. The property is fully fenced, perfect for children to play or pets to run around.
Enjoy the convenience of town living with main street cafes and shops only a one minute walk away. You'll also be just around the corner from the Penola Primary School, Kindy and Childcare centre and within walking distance to all Penola's other amenities such as other schools, hospitals and supermarket.
Also note;
- Ducted reverse cycle heating and cooling
- Underfloor heating
- 22,500L Rainwater
Contemplating a tree change? Penola is the gateway to South Australia’s famous Coonawarra wine region and a thriving, must-visit tourist destination. An idyllic, character filled township with so much to offer; wineries and cellar doors, cafes, fine dining, art galleries and its own heritage listed lane. Experience Penola's vibrant, supportive community and easily access capital cities with flights daily (REX and Qantas) via Mt Gambier airport, only a 25-minute drive away.
This property is available for inspection only by appointment. Contact Tom Pearce 0427 642 138 or Karly Honner 0438 339 729 to arrange an inspection.
Property Code: 896
Listing description written by Tom Pearce, Thomas DeGaris & Clarkson — reproduced as published, not verified by Districts.