326 Kareela RoadPenrose NSW 2579
Property Details for 326 Kareela Rd, Penrose
Last Listing description (June 2026)
A magnificent opportunity awaits for a purchaser looking to build their dream home and capitalise in a convenient location near Mittagong and Bowral.
This rare and fairly level block of land (1,012m) is positioned in a quiet pocket of Penrose Heights with a beautiful and enjoyable semi-rural atmosphere while boasting easy access to Mittagong and Bowral Town Centre.
Only a short walk from local school and the township shopping for your groceries and for those requiring future commuting on the Hume freeway North to Sydney & South to Goulburn and Canberra.
The block is basically rectangular in shape, with a gentle downward slope to the back rear boundary line which makes it ideal for a range of home designs. This allows for greater design versatility of your future home.
There is Penrose Train Station, only a few minutes walk away, which will take to Sydney, Goulburn or Canberra.
What a real opportunity to own this rare block of land where you could take advantage of possibly even building a dual occupancy (STCA) with family in mind.
Property History for 326 Kareela Rd, Penrose, NSW 2579
- 18 Jun 2026Listed for Sale Contact Agent
- 12 Apr 2000Sold for $60,000
- 01 Jan 1930Sold for $60,000
Recent sales nearby
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0About Penrose 2579
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:
- The median value for Houses in Penrose is $1,290,086 while the median value for Units is $1,241,425.
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