1 Riddoch StreetPenola SA 5277
Property Details for 1 Riddoch St, Penola
1 Riddoch St, Penola is a 1 bedroom, 1 bathroom Townhouse with 8 parking spaces and was built in 1890. The property has a land size of 1846m2 and floor size of 82m2. While the property is not currently for sale or for rent, it was last sold in April 2026. There are other 1 bedroom Townhouse sold in Penola in the last 12 months.
Last Listing description (April 2026)
Georgie's Cottage is a charming, locally listed heritage stone cottage set proudly at 1 Riddoch Street, in the heart of the historic township of Penola, the gateway to South Australia's world-renowned Coonawarra wine region. Built in the 1870s and lovingly refurbished, this character rich residence captures the essence of local history while offering the comfort and warmth of modern living.
Positioned on a substantial 1,846m² (approximately) allotment with stunning street appeal, the property presents a rare opportunity to secure not only a beautifully restored cottage but also an outstanding development prospect. After extensive heritage consultation with Wattle Range Council, the current owners have obtained planning approval (STCC) for a second dwelling with segregated access, offering a significant value addition for future expansion.
Inside, the original stone walls and cosy lounge create a warm, welcoming feel. The open kitchen and dining space has that perfect mix of character and practicality, with wooden floors, exposed stone and French doors that open to a private, sunny courtyard which is ideal for morning coffee or an evening glass of local red.
Offered on a walk-in/walk-out basis, the Cottage currently operates as successful short-term accommodation (Airbnb/Stays), and is ready to offer immediate income potential or to become your own restful escape.
Other exciting extras include:
• Two separate driveways
• Landscaped cottage gardens
• High-capacity bore plus mains-connected pump
• Garden shed
• Majestic centurion fig and golden ash trees
• Prized terra rossa soil with 50-70cm depth over limestone
Perfectly placed for convenience and lifestyle, the cottage is just a short walk to shops and cafés, restaurants and hotels, schools, the Rail Trail and celebrated cellar doors all while enjoying exceptional privacy and the tranquility of this huge allotment. For further details contact Jo O'Connor on 0429 854 910. Don't miss this rare opportunity to secure a slice of Penola's heritage with outstanding future potential.
Disclaimer:
While every effort has been made to ensure the accuracy of the information contained herein, PPHS makes no representation or warranty as to its accuracy, reliability or completeness. Interested parties should conduct their own independent investigations and seek appropriate professional advice. PPHS accepts no liability for any loss arising from reliance on this information.
Property History for 1 Riddoch St, Penola, SA 5277
- 14 Apr 2026Sold for $371,000
- 15 Dec 2025Listed for Sale POA
- 02 Jun 2021Sold for $265,000
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0About Penola 5277
The size of Penola is approximately 252.5 square kilometres. It has 14 parks covering nearly 11.5% of total area. The population of Penola in 2016 was 1592 people. By 2021 the population was 1622 showing a population growth of 1.9% in the area during that time. The predominant age group in Penola is 50-59 years. Households in Penola are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Penola work in a managers occupation.In 2021, 72.60% of the homes in Penola were owner-occupied compared with 67.40% in 2016.
Penola has 1,242 properties. Over the last 5 years, Houses in Penola have seen a 116.27% increase in median value, while Units have seen a 92.54% increase. As at 31 March 2026:
- The median value for Houses in Penola is $422,923 while the median value for Units is $319,569.
- Houses have a median rent of $260.
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