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SA › Glenelg South › Penzance St

55 Penzance St, Glenelg South SA 5045

House

$2,525,000

Last sold

6 Aug 2026

4

Bedrooms

2

Bathrooms

4

Car spaces

680 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 $2,525,000 (6 Aug 2026).(Recorded sale)
  • FactLand 680 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Glenelg South (last 5 years) with land size: median $3,353/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

$2,525,000

6 Aug 2026 · derived via latest_sale

Local land rate: recorded House sales in Glenelg South (last 5 years) with land size have a median of $3,353/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

+99.6%

Median sale

Suburb $1,265,000

-1.15 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$2,525,0006 Aug 2026
  2. Listedprice unknowncompleted29 July 2026

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 Allan Real Estate

Find home: where character meets coastal living

Positioned on a generous 680sqm allotment in one of Glenelg South's most tightly held streets, this beautifully presented character residence combines timeless architectural detail with the space and functionality required for modern family living. Just moments from the beach, Broadway and quality schools, it delivers an exceptional lifestyle in a sought-after coastal setting.

Behind its secure remote sliding gate, the home showcases soaring 3.5m ornate ceilings, polished floorboards and a spacious open plan kitchen, living and dining area designed for everyday living and entertaining. The kitchen is finished with stone benchtops, a large island bench and premium SMEG appliances, while a separate formal lounge provides additional living flexibility. Freshly painted throughout and new carpets, the flexible floor plan offers up to 5 bedrooms, including a main bedroom with ensuite and built-in robes.

Outdoor entertaining is equally well considered, with an all weather alfresco overlooking the lawned backyard, creating a private space for family gatherings and year-round enjoyment. Comfort is enhanced with underfloor heating to both bathrooms, heated towel rails, solar panels, a stunning wine cellar, double garage and additional double carport.

Read the full description

Offering a rare combination of character, space and coastal convenience, this is an outstanding opportunity for families seeking room to grow without compromising on location. Zoned for Brighton Secondary/Glenelg Primary Schools and within walking distance of the beach, cafés and everyday amenities, it is a home designed to be enjoyed for years to come.

Find home:

- 5 bedroom character residence

- 2 bathrooms including ensuite to main bedroom

- Open plan kitchen, living and dining

- Spacious kitchen with stone benchtops & SMEG appliances

- 3.5m high ornate ceilings

- Floorboards throughout with tiled living area

- Underfloor heating to both bathrooms + heated towel rails

- Underground wine cellar

- Covered alfresco entertaining & lawned backyard

- Secure front fence with remote sliding gate

- Double garage plus double carport

- Solar panels

- Freshly painted throughout

Find lifestyle:

- Minutes to Glenelg South beach

- Walking distance to Broadway cafés including Sabai, Mediterranean Café, Oliveti, Spread, Polk, The Organik Café, Pia's, Seafaring Fools and the Broadway Hotel

- Close to Glenelg South Foodland, local shops and everyday amenities

- Zoned for Brighton Secondary School and nearby quality private schools including SPW, Sacred Heart, St Marys & Immanuel College

Property Specifics:

Year Built / 1910

Council / City of Holdfast Bay

Land Size / 680sqm (approx.)

Council Rates / $3,501.50 per annum

SA Water Rates / $365.97 per quarter

ESL / $293.00 per annum

CT / Volume 5399 Folio 642

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. RLA 239101

Listing description written by Brad Allan, Allan Real Estate — reproduced as published, not verified by Districts.

Property features

  • Dishwasher
  • Ensuites: 1
  • Gas Heating
  • Living Areas: 2
  • Outdoor Entertaining
  • Secure Parking
  • Study
  • Toilets: 2
Districts

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

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.