68 South Terrace, Penola, SA 5277 | Land for sale | OnTheHouse
 
FOR SALE
$380,000

68 South Terrace
Penola SA 5277

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2ha
Improve this data
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
Share
Save

A Rare Opportunity in Prime Location

Nestled at the western edge of Penola, in the heart of the Wattle Range Council District, this expansive landholding presents a unique canvas for your vision. Known
for its rich history, vibrant community, and proximity to the renowned Coonawarra wine region, Penola is more than a town-it's a lifestyle. Tree-lined streets, charming heritage architecture, and sweeping rural vistas define the area, making it a sought-after destination for both residential and investment opportunities.
This remarkable property offers a rare chance to secure a large block within town limits, perfectly positioned to capture the tranquillity of South Terrace while remaining
just a short stroll from the town centre. Whether your dream is a private family home with room to roam, or a thoughtfully designed subdivision (subject to council approval), this versatile parcel provides the space and flexibility to make it happen.
Property Highlights:
• Two Titles: Allotment 122 (approx. 1,100 m2) and Allotment 602 (approx. 1.97ha)
• Water Security: Rainwater with pump and a bore located near the Projector Shed
• Land Use Options: Fenced paddocks suitable for hobby farming or lifestyle use, with zoning offering development versatility (subject to approvals)
• Exclusive Location: Sole access from town ensures minimal traffic and maximum privacy
• Scenic Outlook: South Terrace offers a preferred view over the commonage, a prized aspect for higher-end properties
See More

Property Details for 68 South Tce, Penola

Building Type
Land
Land Size
2ha
Commute Calculator

About Penola 5277

The size of Penola is approximately 252.5 square kilometres. There are 14 parks, covering nearly 11.5% of the 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 $800 - $999 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 1,247 properties. Over the last 5 years, Houses in Penola have seen a 123.03% increase in median value, while Units have seen a 103.20% increase. As at 31 July 2026:

  • The median value for Houses in Penola is $453,765 while the median value for Units is $360,269.
  • 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, 54 properties were sold in the past 12 months in Penola.

Penola Profile Page

Suburb Insights for Penola 5277

Visit Penola profile page
Market Insights
Penola Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Penola Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Visit Penola profile page
Contact agent
agent headshot
Karyn Prelc
Show contact details
Call agent
Ray White Mt Gambier
Preferred contact:
Privacy Policy
Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.

This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

X

GETTING STARTED