227 Millers LanePenola SA 5277
Property Details for 227 Millers Lane, Penola
Last Listing description (April 2020)
Auction - 19th December 11:00am Penola Golf Club
TDC Property are pleased to offer for sale "Coomooroo", some 242 hectares of premium grazing land located within the tightly held and reliable Penola area. The sale of "Coomooroo", held by the same family for 68 years, presents an opportunity not to be overlooked.
Consisting of approx. 242 hectare/597acres of magnificent redgum grazing country with deep heavy black loam soils over limestone, grading to medium and light loams over clay which allow for bulk pasture production. The property is a proven performer as evident in the stock continuously turned out.
A solid fertiliser history is visible in the quality pastures of phalaris, rye grass and clover. The pivot and paddocks set aside for hay production also receive Hay Booster and lime. The pivot has recently had 100t of Gypsum applied.
"Coomooroo" is well fenced, comprising of approximately 17 paddocks, the majority serviced by a central laneway. The property is also well watered, with stock water being supplied via an electric pump at the sheds, fillling a high tank which reticulates to concrete troughs to half of the proeprty, the balance is serviced by windmills filling tanks.
Approximately 12ha/30ac is irrigated by pivot, powered by a 3 year old Perkins diesel motor. The pivot is currently producing hay, but has been used for other crop production, including potatoes. The sale includes the 73.574megL taking licence
Improvements include an exceptionally well presented stone faced veneer dwelling with five large bedrooms, main with walk in robe, two bathrooms, kitchen/meals area and seperate lounge and formal dining rooms. The home is set within attractive grounds with established trees and gardens. A triple bay garage is also located close to the home.
Further improvements include 120sqm steel frame workshop, 58sqm c/b machinery shed, 184sqm open front shed with a 105sqm high clearance lean-to, undercover cattle yards, two stand raised board wool shed and timber sheep yards.
"Coomooroo", located within the reliable district of Penola, with added security of irrigation is a rare offering. An inspection is recommended to those seeking a quality and productive grazing property.
Contact Tom Pearce 0427 642 138 or Mark DeGaris 0428 372 124 to arrange an inspection.
Property Code: 668
Property History for 227 Millers Lane, Penola, SA 5277
- 16 Mar 2020Sold for $4,160,000
- 06 Nov 2019Listed for Sale Auction - 19th December 11:00 Penola Golf Club
- 15 Apr 2013Transferred
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About Penola 5277
The size of Penola is approximately 252.5 square kilometres. There are 14 parks, covering nearly 11.5% of the 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 $800 - $999 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 1,246 properties. Over the last 5 years, Houses in Penola have seen a 126.22% increase in median value, while Units have seen a 117.06% increase. As at 31 May 2026:
- The median value for Houses in Penola is $445,505 while the median value for Units is $372,552.
- Houses have a median rent of $260.
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