68 South Terrace, Penola, SA 5277 | Property Value & History | OnTheHouse
 
FOR SALE

68 South Terrace
Penola SA 5277

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Land area: 20700m2
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This property is currently on the market
A Rare Opportunity in Prime Location
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Property Details for 68 South Tce, Penola

68 South Tce, Penola is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 20700m2.This Property is currently listed for sale with Ray White Mt Gambier

Building Type
House
Land Size
20700m2
Local Government
Wattle Range
Lot/Plan
A602/D89773

Last Listing description (February 2026)

Nestled at the western edge of Penola, in the heart of the Wattle Range Council District, this expansive landholding presents a unique canvas for your vision. Known
for its rich history, vibrant community, and proximity to the renowned Coonawarra wine region, Penola is more than a town-it's a lifestyle. Tree-lined streets, charming heritage architecture, and sweeping rural vistas define the area, making it a sought-after destination for both residential and investment opportunities.

This remarkable property offers a rare chance to secure a large block within town limits, perfectly positioned to capture the tranquillity of South Terrace while remaining

just a short stroll from the town centre. Whether your dream is a private family home with room to roam, or a thoughtfully designed subdivision (subject to council approval), this versatile parcel provides the space and flexibility to make it happen.

Property Highlights:
Two Titles: Allotment 122 (approx. 1,100 m2) and Allotment 602 (approx. 1.97ha)
Water Security: Rainwater with pump and a bore located near the Projector Shed
Land Use Options: Fenced paddocks suitable for hobby farming or lifestyle use, with zoning offering development versatility (subject to approvals)
Exclusive Location: Sole access from town ensures minimal traffic and maximum privacy
Scenic Outlook: South Terrace offers a preferred view over the commonage, a prized aspect for higher-end properties

Planning & Zoning Considerations:
The land falls under Neighbourhood Zone (N) and benefits from strategic overlays designed to safeguard both property and lifestyle, including:
Bushfire protection in urban interface areas
Flood risk mitigation
Native vegetation conservation
Water protection measures
Support for retirement and aged accommodation developments

The property's development potential is enhanced by generous variations for building height (up to 8m) and flexible minimum site areas, providing creative freedom for any project.

A True Lifestyle Investment. 68 South Terrace offers more than land-it offers a lifestyle, a canvas, and a rare opportunity in one of South Australia's most beloved regions. Whether your vision is building a home with space to breathe, establishing a boutique development, or creating your dream rural retreat within town limits, this property invites imagination and ambition.

For inspections or further details, contact Karyn on 0402 268 137

RLA 291953

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Property History for 68 South Tce, Penola, SA 5277

A timeline of how this property has performed in the market
  • 28 Apr 2025
    Listed for Sale $520,000 - $550,000
  • 22 Jul 2024
    Listed for Sale Price On Application
  • 25 Mar 2024
    Listed for Sale Price On Application
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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 1,238 properties. Over the last 5 years, Houses in Penola have seen a 136.28% increase in median value, while Units have seen a 120.37% increase. As at 31 December 2025:

  • The median value for Houses in Penola is $403,623 while the median value for Units is $413,679.
  • Houses have a median rent of $260.
There are currently 13 properties listed for sale, and no properties listed for rent in Penola on OnTheHouse. According to Cotality's data, 62 properties were sold in the past 12 months in Penola.

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Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.

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