This beautiful and historic stone property is situated in the heart of Penola. It is currently a lovely home - but could also lend itself to a bed and breakfast opportunity for the astute business person.
The original stone cottage was built in the 1860's for Donald McDonald, who was the local publican, to separate his private life from his business life. In the 1930's - after undergoing extensive renovations - the home became a private hospital and was named 'St Heliers' - before eventually being divided into flats to accommodate emigrant Catholic families.
The present owner purchased the home in 1985, but now believes it is time for a new owner to breath new life into this historic property.
The size of Tarpeena is approximately 39.2 square kilometres. It has 1 park covering nearly 10.5% of total area. The population of Tarpeena in 2016 was 414 people. By 2021 the population was 392 showing a population decline of 5.3% in the area during that time. The predominant age group in Tarpeena is 50-59 years. Households in Tarpeena are primarily childless couples and are likely to be repaying $800 - $999 per month on mortgage repayments. In general, people in Tarpeena work in a labourer occupation.In 2021, 87.20% of the homes in Tarpeena were owner-occupied compared with 80.90% in 2016.
Tarpeena has 311 properties. Over the last 5 years, Houses in Tarpeena have seen a 150.42% increase in median value. As at 31 March 2026:
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