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 › Millers Ln
$4,250,000
Last sold
20 Mar 2020
5
Bedrooms
2
Bathrooms
3
Car spaces
2,420,000 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
$4,250,000
20 Mar 2020 · derived via latest_sale
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
+839.2%
Median sale
Suburb $452,500
-3.21 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 & ClarksonAuction - 19th December 11:00am Penola Golf Club
TDC Property are pleased to offer for sale "Coomooroo", some 242 hectares of premium grazing land located within the tightly held and reliable Penola area. The sale of "Coomooroo", held by the same family for 68 years, presents an opportunity not to be overlooked.
Consisting of approx. 242 hectare/597acres of magnificent redgum grazing country with deep heavy black loam soils over limestone, grading to medium and light loams over clay which allow for bulk pasture production. The property is a proven performer as evident in the stock continuously turned out.
A solid fertiliser history is visible in the quality pastures of phalaris, rye grass and clover. The pivot and paddocks set aside for hay production also receive Hay Booster and lime. The pivot has recently had 100t of Gypsum applied.
"Coomooroo" is well fenced, comprising of approximately 17 paddocks, the majority serviced by a central laneway. The property is also well watered, with stock water being supplied via an electric pump at the sheds, fillling a high tank which reticulates to concrete troughs to half of the proeprty, the balance is serviced by windmills filling tanks.
Approximately 12ha/30ac is irrigated by pivot, powered by a 3 year old Perkins diesel motor. The pivot is currently producing hay, but has been used for other crop production, including potatoes. The sale includes the 73.574megL taking licence
Improvements include an exceptionally well presented stone faced veneer dwelling with five large bedrooms, main with walk in robe, two bathrooms, kitchen/meals area and seperate lounge and formal dining rooms. The home is set within attractive grounds with established trees and gardens. A triple bay garage is also located close to the home.
Further improvements include 120sqm steel frame workshop, 58sqm c/b machinery shed, 184sqm open front shed with a 105sqm high clearance lean-to, undercover cattle yards, two stand raised board wool shed and timber sheep yards.
"Coomooroo", located within the reliable district of Penola, with added security of irrigation is a rare offering. An inspection is recommended to those seeking a quality and productive grazing property.
Contact Tom Pearce 0427 642 138 or Mark DeGaris 0428 372 124 to arrange an inspection.
Property Code: 668
Listing description written by Tom Pearce, Thomas DeGaris & Clarkson — reproduced as published, not verified by Districts.