54 Portland Street, Penola, SA 5277 | House for sale | OnTheHouse
 
FOR SALE
$310,000 - $320,000

54 Portland Street
Penola SA 5277

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 100m2
Land area: 745m2
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Investment Appeal in Penola

Positioned in the thriving township of Penola, just minutes from the celebrated Coonawarra wine region, 54 Portland Street presents an exceptional investment opportunity. Penola continues to experience high rental demand, driven by its strong local workforce, tourism appeal, quality amenities and ever-growing interest in the Coonawarra district. For investors seeking a low-maintenance, high-yielding asset, this property offers the rare chance to purchase and immediately rent out with confidence.
Fully renovated from top to bottom in recent years, the home sits on a 745m² corner allotment with appealing vineyard views. Constructed from solid Mount Gambier stone and boasting an internal floor area of 100m², it delivers the ideal package for attracting reliable long-term tenants or lucrative holiday accommodation guests. Nothing has been overlooked, making this an effortless, set-and-forget investment in a region with proven returns.
Inside, the separate living room provides instant warmth and charm, complete with polished timber floors, slow-combustion fire and a feature period mantle. The kitchen is a standout, offering tenants quality finishes including custom cabinetry, Caesarstone benchtops, a 900mm oven with 5-burner gas cooktop and a handcrafted timber island bench. Hybrid waterproof flooring transitions throughout the central spaces, leading to the laundry, separate toilet/powder room and hallway. Here, three carpeted bedrooms, including a main with generous built-in robes, surround a stylishly renovated bathroom, ensuring broad rental appeal.
Outdoor living is equally well catered for, with a rear verandah overlooking an elevated recycled hardwood deck, ideal for tenants seeking low-maintenance relaxation. Secure fencing, established gardens and dual vehicle parking further enhance the property's functionality. With all upgrades completed to a high standard, this home is ready to generate income from day one.
Key Features:
• Completely renovated throughout
• Appealing vineyard views to enhance rental desirability
• Separate living room with slow-combustion fire & polished timber floors
• Elevated recycled hardwood entertaining deck and sheltered rear verandah
• Secure yard, mature trees, low-maintenance gardens & dual driveway
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Property Details for 54 Portland St, Penola

54 Portland St, Penola is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 745m2 and floor size of 100m2. The place is currently for sale with Ray White Mt Gambier.

Building Type
House
Floor Size
100m2
Land Size
745m2
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About Penola 5277

The size of Penola is approximately 252.5 square kilometres. It has 14 parks covering nearly 11.5% of total area. The population of Penola in 2016 was 1592 people. By 2021 the population was 1622 showing a population growth of 1.9% in the area during that time. The predominant age group in Penola is 50-59 years. Households in Penola are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Penola work in a managers occupation.In 2021, 72.60% of the homes in Penola were owner-occupied compared with 67.40% in 2016.

Penola has 1,234 properties. Over the last 5 years, Houses in Penola have seen a 132.26% increase in median value, while Units have seen a 72.50% increase. As at 31 October 2025:

  • The median value for Houses in Penola is $395,050 while the median value for Units is $303,779.
  • Houses have a median rent of $260.
There are currently 12 properties listed for sale, and no properties listed for rent in Penola on OnTheHouse. According to Cotality's data, 56 properties were sold in the past 12 months in Penola.

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Karyn Prelc
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Ray White Mt Gambier
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