Harrison RoadPennington SA 5013
Property Details for Lot 255 Harrison Rd, Pennington
Last Listing description (August 2020)
JLL is delighted to offer for sale Pennys Village - a fantastic development opportunity in the inner north western suburb of Pennington.
Pennys Village comprises a large parcel of residential infill land with full subdivision approval for 46 residential allotments. The cleared and leveled 12,400*sqm site has had significant storm water infrastructure already installed and is ready for development.
Situated just 9* kilometres from the CBD and 6* kilometres from the beach, Pennys Village provides the opportunity for developers/builders to take advantage of the pre-development work that has been undertaken, all of which will be provided to the successful purchaser, including the onsite sales office and all intellectual property such as marketing collateral and purchaser database.
Astute developers and builders will recognise the sizeable investment of time and resources required in getting a site shovel ready and therefore we anticipate this offering will generate strong interest from local and interstate developers and builders.
Pennys Village is offered for sale by Expression of Interest closing Friday 3 April 2020 at 2pm. Please contact exclusive agents JLL for the full due diligence pack.
*Approximately
Property History for Lot 255 Harrison Rd, Pennington, SA 5013
- 10 Mar 2020Listed for Sale Contact Agent
- 19 Mar 2018Transferred
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0About Pennington 5013
The size of Pennington is approximately 1.4 square kilometres. It has 6 parks covering nearly 4.3% of total area. The population of Pennington in 2016 was 3647 people. By 2021 the population was 3773 showing a population growth of 3.4% in the area during that time. The predominant age group in Pennington is 50-59 years. Households in Pennington are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Pennington work in a professional occupation.In 2021, 59.00% of the homes in Pennington were owner-occupied compared with 57.50% in 2016.
Pennington has 1,564 properties. Over the last 5 years, Houses in Pennington have seen a 91.73% increase in median value, while Units have seen a 95.86% increase. As at 31 March 2026:
- The median value for Houses in Pennington is $929,844 while the median value for Units is $634,133.
- Houses have a median rent of $600 while Units have a median rent of $245.
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