38 Penang Avenue, Colonel Light Gardens, SA 5041 | Property Value & History | OnTheHouse
OFF MARKET

38 Penang Avenue
Colonel Light Gardens SA 5041

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 110m2
Land area: 708m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 19 Jan 2026
Low

High
Save

Property Details for 38 Penang Ave, Colonel Light Gardens

38 Penang Ave, Colonel Light Gardens is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1926. The property has a land size of 708m2 and floor size of 110m2. While the property is not currently for sale or for rent, it was last sold in August 2008.

Building Type
House
Year Built
1926
Floor Size
110m2
Land Size
708m2
Local Government
Mitcham
Lot/Plan
A229/D3210

Last Listing description (July 2008)

EXCELLENT EXTENSION OPPORTUNITY
THIS RED BRICK BUNGALOW IN CENTRAL COLONEL LIGHT GARDENS HAS ALL THE NECESSARY INGREDIENTS FOR TOTAL ENJOYMENT TODAY OR EXPANSION EXCITEMENT TOMORROW.
OBVIOUS STREET APPEAL, CORNER BLOCK CONVENIENCE, CHARACTER CHARISMA AND BACK YARD ABUNDANCE ALL COMBINE TO PRESENT AN OPTION INSPIRED OPPORTUNITY.

WELL MAINTAINED WITH LIFESTYLE AND INVESTMENT UPGRADES OVER RECENT YEARS, INCLUDING AN EAT-IN KITCHEN UPDATE FEATURING A CHEF’S QUALITY ILVE 5-BURNER GAS RANGE AND AEG DISHWASHER, THIS THREE BEDROOM BEAUTY CONTAINS THE BENEFITS OF LARGE ROOMS, POLISHED BOARDS, FEATURED FIRE PLACES, DUCTED COOLING AND SUBTLE LEAD LIGHTING.
THE LEAN-TO AT THE REAR OF THE ORIGINAL PART OF THIS 1926 HOME INCLUDES THE LAUNDRY, A STOREROOM AND THE THIRD BEDROOM. THIS AREA STEPS OUT INTO THE BLANK CANVAS OF THE PRIVATE, NORTH-FACING REAR YARD WHERE THE OPPORTUNITY TO BROADEN IS EVIDENT AND EXCELLENT PLANS FOR A VERY STYLISH AND TOTALLY COMPATIBLE ADDITION ARE INCLUDED IN THE PRICE. ALTHOUGH THIS OPPORTUNITY EXISTS, THE HOME IS CURRENTLY VERY COMFORTABLE, READY TO DELIVER TODAY.
VALUABLE REAR ACCESS PRESENTS A PROBLEM-SOLVER FOR ANY FUTURE BUILDING WORKS WHERE THE FRONT ACCESS TO THE DOUBLE CARPORT NEED NOT BE COMPROMISED.
NATURALLY AND GEOGRAPHICALLY PERFECTLY POSITIONED THIS INVITING HOME ON 708SQ.M IS SET AMONGST SIMILAR HOMES OF CHARACTER IN A TREE LINED AVENUE WITHIN MINUTES OF A BEVY OF SHOPS AND FACILITIES.
WITH NEW CHARACTER FENCING, A NEAR NEW ROOF AND ESTABLISHED GARDENS, THIS FORTUNATE FIND WILL ENGAGE THE EXPANSION ENTHUSIASTS THAT WANT TO ACT NOW AND IN THE FUTURE.
ADDITIONAL FEATURE - 708 SQM; FLAT CONTOUR; SOUTH ASPECT; FULLY FENCED; 3 OFFSTREET PARKING; PUBLIC TRANSPORT: CLOSE BY.

Property History for 38 Penang Ave, Colonel Light Gardens, SA 5041

A timeline of how this property has performed in the market
Last Sold
$485,000
13 Aug 2008
  • 13 Aug 2008
    Sold for $485,000
  • 18 Jun 2008
    Listed for Sale PRICE BY NEG.
  • 28 Jan 2000
    Sold for $166,000
Commute Calculator

About Colonel Light Gardens 5041

The size of Colonel Light Gardens is approximately 1.5 square kilometres. It has 10 parks covering nearly 8.4% of total area. The population of Colonel Light Gardens in 2016 was 3349 people. By 2021 the population was 3311 showing a population decline of 1.1% in the area during that time. The predominant age group in Colonel Light Gardens is 10-19 years. Households in Colonel Light Gardens are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Colonel Light Gardens work in a professional occupation.In 2021, 86.50% of the homes in Colonel Light Gardens were owner-occupied compared with 85.80% in 2016.

Colonel Light Gardens has 1,244 properties. Over the last 5 years, Houses in Colonel Light Gardens have seen a 90.58% increase in median value, while Units have seen a 69.61% increase. As at 31 December 2025:

  • The median value for Houses in Colonel Light Gardens is $1,449,572 while the median value for Units is $500,250.
  • Houses have a median rent of $720 while Units have a median rent of $250.
There are currently 2 properties listed for sale, and no properties listed for rent in Colonel light gardens on OnTheHouse. According to Cotality's data, 31 properties were sold in the past 12 months in Colonel light gardens.

Suburb Insights for Colonel Light Gardens 5041

Market Insights
Colonel Light Gardens 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
Colonel Light Gardens 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
Cotality Copyright and Legal Disclaimers about Property Data
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.