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 › Rocky Castle Rd
5
Bedrooms
3
Bathrooms
1
Car spaces
1,942,936.237 m²
Land
Districts View
View not ready — official layers are still retrieving for this property. Official planning layers still retrieving. Flood / bushfire / heritage not yet retrieved. No recorded sale price for this property. Districts does not score a property it cannot yet see.
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
No recorded sale price for this property yet.
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 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 Elders Real Estate South EastElders Rural Services Australia Ltd is instructed to offer Rocky Castle' for sale by the way of Expressions of interest closing 11am Thursday 10th June 2021
194.3ha/ 480.11 acres
"Rocky Castle" is centrally located between Penola and Naracoorte in the tightly held precinct of Glenroy in the South East of South Australia. The 480.11 acre (approx.) property has an exceptional ability to produce prime livestock and to finish store lambs.
"Rocky Castle" is a extremely aesthetically pleasing property, with large majestic healthy red gums scattered throughout portion of the property providing shelter, warmth and cool shade during the summer months.
With the high carrying capability, excellent fertiliser history and consistent strong soil types over the property, this opportunity is a rare occurrence to come on the market!
Recent fencing upgrades have been completed and fencing is now in excellent condition.
Majority of the fence lines are constructed of creo post, cyclone wire, double barb plus single hot wire.
Soils across the property vary from very healthy red gum country with dark brown loam over clay, to highly productive heavy grey sands over clay over limestone.
Four dwellings on the property, presenting an opportunity to earn extra income as rentals from all four houses.
STRUCTURAL IMPROVEMENTS
Machinery Shed & Workshop
- Huge 30.5m x 34m shed with concrete floor and steel frame, powered
- Service pit, large enough for semi trailer (6.8m x 1m)
- Adjoining lockable workshop, powered & concreted
- Drive through wash down bay at the rear (with septic)
Main House
- 5 spacious bedrooms and 3 bathroom solid family home
- Country style kitchen with AGA oven and adjoining dining overlooking the garden and large gums
- Generous size lounge with panelled redgum walls (milled from timber off the property), open fire place with stone surround
- Large spa bath in the ensuite overlooking the garden
- Sprinkler system set up around the yard
2nd house
- Currently tenanted for $200 per week
- Includes 20 acres
- Fibro construction, open plan kitchen/dining
3rd house
- Has been tenanted up until recent months for $200 per week
- Recently renovated inside, transportable home
4th house/ office (original house)
- Currently utilised as an office, this 2 bedroom 1 bathroom home could be tenanted as well as an extra income
- ducted air conditioning + fireplace
For a copy of the information memorandum or to arrange a private inspection, please contact Grant Schubert on 0429 077 033
EXPRESSIONS OF INTEREST Closing 11am Thursday 10th June 2021, offers to grant.schubert@elders.com.au
Listing description written by Grant Schubert (RLA62833), Elders Real Estate South East — reproduced as published, not verified by Districts.