229 Old Comaum RoadPenola SA 5277
Property Details for 229 Old Comaum Rd, Penola
Last Listing description (March 2022)
A rare opportunity indeed. This attractive parcel of 29.5ha/72.89ac is located just minutes from the town centre of Penola, in the Coonawarra GI. Combining productive soils the aesthetically pleasing mature gum trees, "Brolgas"will impress on inspection.
Well fenced into two paddocks, the property has historically been used for grazing cattle on the phalaris and clover pastures, but would lend itself to other pursuits. A 21.459megL water licence will be offered for sale to successful purchaser, allowing further scope for development.
"Brolgas" would be a perfect add on grazing property, or a fantastic opportunity to purchase a lifestyle block to build your lifestyle escape (STCA).
Call Tom 0427 642 138 or Mark 0428 372 124 today to organise your inspection.
5% at fall of hammer, settlement 23rd of December 2021.
Property Code: 794
Property History for 229 Old Comaum Rd, Penola, SA 5277
- 28 Jan 2022Sold for $1,580,000
- 29 Sep 2021Listed for Sale AUCTION 26TH NOVEMBER 2:00PM PENOLA RSL
- 24 Jul 2020Transferred
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About 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 1,239 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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