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 › Krongart Rd
For sale
For sale
3
Bedrooms
2
Bathrooms
2
Car spaces
5,611,400 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
Asking
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 Thomas DeGaris & ClarksonTDC Livestock and Property are proud to offer to the market “Still Water”, a truly once in a generation opportunity. Being a portion of one of the first settled properties in the South East of South Australia, just minutes from historical Penola, “Still Water” has a continuous family tenure of 155 years.
Comprising of some 561.14ha of absolute blue-ribbon grazing, “Still Water” will impress on inspection. The property has a rich history of breeding and turning off quality stock.
“Still Water” showcases productive loam over clay at depth, with pastures of Phalaris, fescue and cocksfoot and clovers, all in good health due to fine management and a long fertiliser history. The property is studded with huge red gums.
Fenced into twenty-three main paddocks with a laneway system to allow for ease of management. A great portion of “Still Water” has been refenced with thick gauge seven plain wire and additional hot wires.
Each paddock is watered by large concrete troughs. These are filled by tanks that have water reticulated to them by an electric pump located at the house through 50mm mainlines and 37mm poly branch lines. The whole system is backed up by windmills. A fail safe stock water system with secure water at five meters depth.
“Still Water” has a first class stock handling infrastructure. A vet endorsed high capacity set of undercover cattle yards with all weather access adds to the ease of management. There is a lockable store and processing room located near the hanging weigh box. Situated near to the yards is the hay shed and a smaller storage shed.
The workshop and further sundry shedding are found near the home. Surrounded by towering natural red gums, this setting truly must be seen to be believed, providing the ultimate backdrop that optimises country living at its finest.
The home offers a combined kitchen, dining and living area. The galley kitchen is well appointed, with a dishwasher, in-wall oven, ample bench space and walk in pantry. The area extends seamlessly to the dining area which boasts the most spectacular views over the lake and various wildlife which call the park like grounds home.
The dwelling features three bedrooms, with plenty of scope to adapt rooms to create further bedroom options. A huge 46m2 billiard room provides the ultimate family space, complete with built in library. Off this area you’ll find the main bathroom and separate toilet. The home also has a large office.
The main bedroom provides a large walk through robe to the ensuite which offers shower, bath and adjoining toilet (which can also be accessed from a central passage).
The home also offers ample linen storage, spacious laundry (with additional storage) and mudroom with external access.
The 21m x 4.5m outdoor pavilion provides the centrepiece of the home. The unique external wall feature stone offers visual appeal, complemented by a large pizza oven and open fire place. A double bay carport also connects to the property.
The truly magnificent gardens, which have featured in the Open Garden South Australia scheme, feature deciduous trees, roses, and perennials affording colour, texture and interest along with the small commercial quince orchard. The vast garden also includes two connected wetland areas designed to help support the native ecosystem of birds, insects and wildlife.
Vendor Finance options available. Settlement of property in full February 2026.
The offering of “Still Water” is a rare opportunity to secure a quality property in a highly regarded area of the South East of South Australia.
Contact exclusive listing agent Tom Pearce on 0427642138 for further information.
Property Code: 945
Listing description written by Tom Pearce, Thomas DeGaris & Clarkson — reproduced as published, not verified by Districts.