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 › Portland St
3
Bedrooms
1
Bathrooms
1
Car spaces
996 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
No recorded sale price for this property yet.
Local land rate: recorded House sales in Penola (last 5 years) with land size have a median of $346/m² of land (n=41). 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.
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 Ray White Mt GambierRay White Mt Gambier is pleased to present 47 Portland Street, Penola, for sale.
This solid three-bedroom 1950s home sits just outside the Penola Football and Netball Club, with the Penola High School just around the corner. The home is close to pubs, cafes, shopping and the Penola Foodland - with the Coonawarra's many wineries and cellar doors nearby.
This is an investment property or first home opportunity. It would be suitable for generating income from a holiday let (STCA). The property offers a large rear garden with a gated entry that is accessed via a paved driveway to the left of the house.
A neat, tidy, low-maintenance garden sits in front of the home. It is divided by a pathway leading to the entry portico. Inside, an open-plan living room, dining space and kitchen features timber floorboards, and white walls and window coverings. It is comforted with reverse cycle air conditioning, a ceiling fan, and a recently installed combustion fireplace with a black hearth. Maximum natural light is achieved through front, side-facing and rear-facing windows.
The kitchen area offers above and below bench cabinetry along the rear wall and a single sink overlooking the side of the property with under-bench storage. A stand-alone stainless-steel oven with a gas cooktop and a range sits between the sink and the fireplace. This new appliance has the flexibility to work wonderfully within any updated kitchen design.
Three carpeted bedrooms sit to the right of the communal area, accessed from the hallway. Two double bedrooms overlook the front garden: bedroom one benefits from a ceiling fan, and bedroom two from a built-in robe. The third bedroom faces the rear garden and patio and sits adjacent to the family bathroom. All bedrooms are decorated with white walls and offer white roll-down blinds for privacy.
The bathroom has a vanity and basin with storage, and a glass frame shower with an exhaust fan and a heat lamp. It has original, neutral tiles and a mirrored medicine cabinet.
The toilet is separate for privacy and convenience and sits behind the kitchen, adjacent to a laundry. The laundry room has a wash trough and accesses the garden via a spacious paved patio.
A double shed/garage is located in the far rear corner of this enormous, fully-grassed backyard, surrounded by fencing on all sides. A potting shed sits on the opposite corner, ideal for storage gardening equipment or as a wood store.
The lawn area offers a garden path leading to a watering system and has a clothesline and a rainwater tank. The size of this space is an attractive feature for any investor looking to renovate or build additional accommodation (STCA). It is a fantastic space for children and pets, and the low-maintenance nature of both front and rear gardens make it ideal for rental.
This is a neat, well-maintained property and home with lots of potential for an investor, young family, or perhaps a seasonal worker. Contact the knowledgeable and experienced team at Ray White Mt Gambier to learn more about rental or development opportunities and to book a viewing today.
RLA - 291953
Additional Property Information:
Age/ Built: 1955
Land Size: 1,000m2
Council Rates: Approx. $468 p/q
Rental Appraisal: A rental appraisal has been conducted of approximately $280 - $300 per week.
Listing description written by Tahlia Gabrielli, Ray White Mt Gambier — reproduced as published, not verified by Districts.
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