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 › Heywards Ln
$170,000
Last sold
7 June 2024
0
Bedrooms
0
Bathrooms
0
Car spaces
21,000 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
$170,000
7 June 2024 · derived via latest_sale
Local land rate: recorded Land sales in Penola (last 5 years) with land size have a median of $80/m² of land (n=7). 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.
Vs Penola
-62.4%
Median sale
Suburb $452,500
+5.95 pp
Gross yield
Suburb 3.59%
Suburb median $452,500 from 10 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
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. No recorded off-street parking — often a discount versus the suburb median for the same beds.
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 & ClarksonMONBULLA HALL & SCHOOL SITE FOR SALE
2.1 ha / 5.19 ac
AUCTION Saturday, 3rd February, 10am, on site 68 Heywards Lane, Monbulla (off Clay Wells Road)
Situated less than 5 minutes West of Penola this is the lifestyle opportunity you’ve been waiting for. Packed full of history this 2.1 hectare / 5.19 acre site tells a story of community fun, comradery and competition as the home of the Monbulla School, Hall and numerous sporting clubs (See history below).
Having sat idle for many years the Monbulla community committee have made the decision to sell the property giving you the unique opportunity to snap up this piece of history.
The allotment is situated on productive land being the ideal site to build your dream home (STCA) with established connected power. Currently well fenced into 5 paddocks with stock water that are ideal to run your horse or a few sheep or cattle.
There's so much room to fulfil all your hobbies, build your dream shed (STCA), and maybe even a hit of tennis on the original Monbulla Tennis Court.
Don’t miss this rare chance to own a rare small parcel of land in the heart of the Monbulla community.
The History;
In 1894 the Monbulla School was opened 7km West of Penola on Clay Wells Rd. The School was situated in a building used as a polling booth to service the closely settled community and at peak educated 34 students. The School later closed in 1944 and children were transferred to the Penola Area School. Monbulla Hall was built as an addition to the site in 1950s and would become the primary meeting place for the Monbulla community. The Hall is said to have one of the best dance floors in the South East as it would host Cabaret events, the annual June Ball, the Monbulla Xmas tree gathering and countless birthdays, bush dances and community meetings. The parcel of land was also home to the Monbulla Tennis and Monbulla and Ramblers Cricket clubs for over 40 years.
Stand Like Stone Foundation Funds:
To leave one last legacy the Monbulla Community committee unanimously decided that the money (after costs) from the sale would be donated to the Stand Like Stone Foundation Funds. Dedicated funds will be set up so that community members (and students in particular) can apply to the fund for assistance with travel and accommodation costs when selected to play sports outside of the region. The committee felt that this would be a very positive use of the money, and would ensure those with financial struggles do not miss out on sporting opportunities.
Contact Mark De Garis 0428 372 124 for more information or to arrange an inspection.
Property sold in conjunction with Jo O’Connor PPHS Penola.
Property Code: 902
Listing description written by Mark De Garis, Thomas DeGaris & Clarkson — reproduced as published, not verified by Districts.