1 West Ridge Road, Penguin, TAS 7316 | Property Value & History | OnTheHouse
OFF MARKET

1 West Ridge Road
Penguin TAS 7316

Bedrooms: 3
Bathrooms: 3
Car spaces: 2
Floor area: 286m2
Land area: 1077m2
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Property Details for 1 West Ridge Rd, Penguin

1 West Ridge Rd, Penguin is a 3 bedroom, 3 bathroom House with 2 parking spaces and was built in 1981. The property has a land size of 1077m2 and floor size of 286m2. While the property is not currently for sale or for rent, it was last sold in November 2022.

Building Type
House
Year Built
1981
Floor Size
286m2
Land Size
1077m2
Local Government
Central Coast
Lot/Plan
33/9485

Last Listing description (July 2026)

Perched in one of Penguin's most sought-after locations, this stunning coastal residence offers more than just breathtaking sea views-it's a lifestyle investment. Whether you're searching for the perfect family retreat, a luxurious seaside escape, or a thriving Airbnb opportunity, this property delivers it all.

Designed to embrace natural light and maximise the sweeping ocean vistas, this home effortlessly blends comfort with modern elegance. The flexible floor plan and dual-access driveways open up endless possibilities, making it ideal for those looking to run a boutique B&B or to host guests in style.

Property Highlights:

Three spacious bedrooms, each designed for privacy and relaxation
Three contemporary bathrooms, including a master ensuite for added luxury
Two expansive living areas, perfect for unwinding or entertaining guests
A well-appointed central kitchen, seamlessly connecting both living spaces
Two outdoor decks, including a north-facing entertainer's deck, the perfect spot for morning coffee or sunset drinks
Floor-to-ceiling windows, bathing the home in natural light and framing the breathtaking coastal backdrop
New flooring throughout, adding a fresh, modern touch
Dual access driveways, offering ease of entry and potential for separate guest accommodations
Unbeatable location, just a short stroll to Penguin's pristine beaches, boutique shops, and vibrant cafs

For those considering a B&B venture, the layout provides an effortless transition into short-term accommodation, offering privacy for both owners and guests. The proximity to the beach, town centre, and popular coastal attractions makes this an enticing getaway for visitors year-round.

Whether you're dreaming of a seaside sanctuary or a business opportunity in one of Tasmania's most picturesque seaside towns, this home is the ultimate find.

Contact Mel today to arrange your private viewing!

Disclaimer:
While Harcourts Ulverstone & Penguin has taken every care to verify the accuracy of the details in this advertisement, we cannot guarantee its correctness. Prospective buyers need to take such action as is necessary, to satisfy themselves of any pertinent matters.

Property History for 1 West Ridge Rd, Penguin, TAS 7316

A timeline of how this property has performed in the market
Last Sold
$860,000
02 Nov 2022
  • 24 Feb 2025
    Listed for Sale $973,000
  • 02 Nov 2022
    Sold for $860,000
  • 26 Aug 2022
    Listed for Sale Best offer over $849,000
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About Penguin 7316

The size of Penguin is approximately 45.4 square kilometres. There are 14 parks, covering nearly 23.2% of the total area. The population of Penguin in 2016 was 3849 people. By 2021 the population was 4132 showing a population growth of 7.4% in the area during that time. The predominant age group in Penguin is 50-59 years. Households in Penguin are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Penguin work in a professional occupation.In 2021, 75.00% of the homes in Penguin were owner-occupied compared with 75.00% in 2016.

Penguin has 2,118 properties. Over the last 5 years, Houses in Penguin have seen a 48.20% increase in median value, while Units have seen a 80.80% increase. As at 30 June 2026:

  • The median value for Houses in Penguin is $689,630 while the median value for Units is $502,180.
  • Houses have a median rent of $465 while Units have a median rent of $335.
There are currently 19 properties listed for sale, and no properties listed for rent in Penguin on OnTheHouse. According to Cotality's data, 103 properties were sold in the past 12 months in Penguin.

Suburb Insights for Penguin 7316

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Cotality Copyright and Legal Disclaimers about Property Data
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.