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SA › Glenelg South › Penzance St

44 Penzance St, Glenelg South SA 5045

House

$2,325,000

Last sold

3 Nov 2023

5

Bedrooms

3

Bathrooms

2

Car spaces

725 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLast recorded sale $2,325,000 (3 Nov 2023).(Recorded sale)
  • FactLand 725 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Glenelg South (last 5 years) with land size: median $3,399/m² of land (n=34). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

What this lot has actually traded at

Last sold

$2,325,000

3 Nov 2023 · derived via latest_sale

Local land rate: recorded House sales in Glenelg South (last 5 years) with land size have a median of $3,399/m² of land (n=34). Districts calculation from recorded sales — not a valuation.

Glenelg South at a glance

2,228

People

$1,265,000

Median sale

$560/wk

Median rent

2.30%

Suburb gross yield

Median sale from 5 recorded sales (last 12 months) — a Districts calculation.

See the full Glenelg South report →

Vs Glenelg South

+83.8%

Median sale

Suburb $1,265,000

-1.05 pp

Gross yield

Suburb 2.30%

Suburb median $1,265,000 from 5 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Sold$2,325,0003 Nov 2023
  2. Listedprice unknowncompleted10 Oct 2023

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

SA

Why this lot, not just this suburb

Why could this property outperform?

Planning 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $560/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

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

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded. This lot’s own applications are a separate question.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Glenelg South in one glance

Glenelg South at a glance

2,228

People

$1,265,000

Median sale

$560/wk

Median rent

2.30%

Suburb gross yield

Median sale from 5 recorded sales (last 12 months) — a Districts calculation.

See the full Glenelg South report →

Keep researching

  • Why Glenelg South? Read the area thesis →
  • What else is on the market in Glenelg South →
  • Other records on Penzance St →

Listing material

Listed by Noakes Nickolas

The perfect meeting of highly desirable locale and luxurious living in Glenelg South.

Surrounded by an esteemed pocket of character homes on Penzance Street, this magnificently updated C.1917 Torrens titled character home in a highly sought-after location offers the pinnacle of luxury property moments to the beach in Glenelg South.

Boasting five bedrooms, three bathrooms, three plus living spaces and a study, a generous floor plan and 725m2 allotment allows plenty of versatility to cater to your own needs, whether it's more bedrooms for the large family, or more living spaces for the busy entertainer.

Behind pretty established gardens, a timeless red brick façade, original terracotta 'Marseille' tiled roof, return verandah and striking leadlight make for an ageless street presence.

Read the full description

Step into the large entry hall between lofty ceilings, pendant lighting and original timber floors to be immediately met with a sense of the grandeur to come. To your right, a majestic study with an original fireplace and a wall-to-wall built-in desk creates a fantastic home office base.

Also facing the front of the home, the huge main bedroom suite includes a mood-setting gas log fireplace, a large modern walk-in robe with sensor lighting, and an exceptional ensuite. Enjoy a palette of neutral earthy tones over Terrazzo tiles and underfloor heating, a sleek vanity with a large sink under feature lighting, a heated towel rail and a large walk-in rain shower.

Moving down a lengthy central hallway to uncover a striking formal lounge defined by a tiled original fireplace, decorative leadlight windows, a classic picture rail and a decorative ceiling, plus two further double bedrooms with built-in storage and plantation shutters or more feature leadlight.

Completed in 2009, emerge in the spectacular extension onto hardwood floors to find a wonderful open plan living space and JAG kitchen that seamlessly integrates outdoor living, including a sumptuous mosaic-tiled swimming pool. First, find the fully-tiled main bathroom offering a walk-in shower, a kid-friendly bathtub, louvre windows and heated towel rails, plus a large laundry with plenty of storage.

The open plan living begins with an outstanding gourmet kitchen centring under an artful pendant light around the Caesarstone-topped island breakfast bar.

Set into an abundance of cabinetry and bench space you'll find dual Siemens ovens, a Miele gas cooktop and an integrated Bosch dishwasher, while around the corner, a spacious butler's pantry includes a double sink and tons of storage. You'll find a sneaky wine storage room tucked around the corner, too.

The dining and living space expand under a towering, raked ceiling, with cleverly placed wall-top windows facing both east and ensuring an abundance of natural light all day long. Windows run the length of the north wall overlooking the deck and outdoor living space, with dual sets of glass doors connecting you to the great outdoors – and boy are they great.

An innovative Vergola rises over the outdoor entertaining, allowing you to dine under the sun or seal out the elements at whim. With plenty of room for a long dining table or lounge setting, it's easy to imagine dining Alfresco on weekends while the kids keep themselves entertained in the pool.

Tiled in dark blue mosaic tiles and wrapped in moody granite pavers, the pool area steps it up with an uber stylish pool house and adjacent fourth bedroom or living space. Including a kitchenette and ceiling fan, feature wall panelling and chic Terrazzo tiles, plus a very stylish large bedroom and ensuite, it's the perfect teen retreat, guest's quarters, or summer living space.

Completing the picture for aesthetics and functionality, find a garden area around the side set under three very established trees. Offering a lawn ideal for pets, a lush garden bed and all your service needs, from storage and rainwater tanks to the clothesline. Attention to detail has been paid at every stage of elevating this Glenelg South family home.

Based on Penzance, enjoy enviable access to the seemingly endless dining and boutique shopping options of Pier Street, Broadway and Glenelg's Jetty Road, while there's an easy school commute on offer no matter your preferences.

More features to love:

- Inground mosaic tiled solar-heated swimming pool with waterfall feature and lighting

- Pool house with living space, kitchenette, large bedroom/rumpus room and modern bathroom

- Ducted gas heating throughout solid brick original home, split system A/C to extension and studio plus ceiling fans to most main rooms

- Carport for 1-2 cars and further secure parking on exposed aggregate driveway

- Instant gas hot water system

- 3kW solar system installed 2010

- Extensive rainwater storage of 20,000L plumbed to house and garden plus powered shed

- Zoned to Glenelg Primary and the esteemed Brighton Secondary, walking distance to Sacred Heart College, St Peter's Woodlands Grammar and Our Lady of Grace School and within the catchment area for Somerton Park Kindergarten

- Easy access to Brighton Road and Pier Street bus stops plus Glenelg trams to the CBD

- Just 800m to the Esplanade, 3.7km to Westfield Marion and just over 8km to the Adelaide CBD

Land Size: 725sqm

Frontage: 15.2m

Year Built: 1917

Title: Torrens

Council: City of Holdfast Bay

Council Rates: $2,958.80PA

SA Water: $300.61PQ

ES Levy: $273PA

Disclaimer: all information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions. If this property is to be sold via auction the Vendors Statement may be inspected at Level 1, 67 Anzac Highway, Ashford for 3 consecutive business days and at the property for 30 minutes prior to the auctio

Listing description written by Simon Noakes, Noakes Nickolas — reproduced as published, not verified by Districts.

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Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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