S & S Property and Projects are thrilled to present this truly magnificent parcel of land, known as "Allambi" that has been held by the same family now for close to sixty one years!
Proposed allotment 501 Cape Willoughby Road, comprises approximately 14.9 hectares of magnificent undulating land surrounding the township of Penneshaw with simply outstanding views across the township itself all the way back to the mainland.
The size of Penneshaw is approximately 5.0 square kilometres. It has 7 parks covering nearly 9.4% of total area. The population of Penneshaw in 2016 was 275 people. By 2021 the population was 269 showing a population decline of 2.2% in the area during that time. The predominant age group in Penneshaw is 60-69 years. Households in Penneshaw are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Penneshaw work in a managers occupation.In 2021, 66.10% of the homes in Penneshaw were owner-occupied compared with 67.30% in 2016.
Penneshaw has 541 properties. Over the last 5 years, Houses in Penneshaw have seen a 65.48% increase in median value, while Units have seen a -12.08% decrease. As at 31 March 2026:
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