322 Kareela Rd, Penrose is a 3 bedroom, 1 bathroom House with 4 parking spaces. The property has a land size of 2109m2. While the property is not currently for sale or for rent, it was last sold in March 2026. There are other 3 bedroom House sold in Penrose in the last 12 months.
Step into the market with confidence and discover the charm and potential this much-loved home has to offer. Set on a generous half-acre block surrounded by established gardens, it's move-in ready and full of opportunity to update or simply enjoy as is. This is your chance to secure an affordable foothold in the thriving Southern Highlands village of Penrose, where community spirit and country living meet convenience.- Light-filled living and dining areas overlooking pretty gardens- Functional kitchen with gas cooktop, wall oven, and pantry- Handy home office, large laundry/mudroom, and versatile storeroom- Well-maintained original bathroom plus both internal and external w/c- Full-length front and rear patios to enjoy the peaceful surrounds- Established trees, birdlife and cottage gardens create a tranquil retreat- Double carport with covered rear entry, plus large separate garage, shed, and aviary- Excellent first home or investment with scope to modernise and add valuePenrose is a welcoming and growing village offering an authentic taste of country life with excellent accessibility. Close proximity to the local caf & train station, enjoy nearby recreation spaces and tennis courts, and reach Bundanoon's cafes and shops in just ten minutes. Ideally positioned halfway between Sydney and Canberra, this is a smart and affordable start in a beautiful, connected community.For more information, please contact Alex Watanabe on 0400 687 551Disclaimer: While we make every effort to ensure that the information we provide you is correct and up-to-date, we do not warrant its accuracy or reliability. Interested parties should exercise their own independent skill and judgement before they rely on it. In any important matter, you should seek professional advice relevant to your own circumstances. Interested parties should rely on their own enquiries.
The size of Penrose is approximately 46.3 square kilometres. There are 3 parks, covering nearly 36.3% of the total area. The population of Penrose in 2016 was 247 people. By 2021 the population was 263 showing a population growth of 6.5% in the area during that time. The predominant age group in Penrose is 60-69 years. Households in Penrose are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Penrose work in a professional occupation.In 2021, 86.90% of the homes in Penrose were owner-occupied compared with 78.40% in 2016.
Penrose has 192 properties. Over the last 5 years, Houses in Penrose have seen a 0.79% increase in median value, while Units have seen a 115.20% increase. As at 31 July 2026:
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