2 Neilson Street, Penola SA 5277
This property is Off Market
- The Average property price in this area is $302,225, this is based on recent transactions.
- Internet speed Download 100 Mbps / Upload 40 Mbps
- Distance to the coast 62.19 km
- Potential bushfire risk 0 / 10
- Report as to subsidence
- Potential Land Contamination risk
- Powerlines within 200m 0
Street view
Property For Sale Nearby
Recently Sold Properties in this Area
About Penola
With an average age of 47, households expect an average monthly mortgage payment of $1,050 or a weekly rent payment of $200. The average family earns a weekly income of $2,067 with a typical household size of 2.3 and a 97.24% employment rate.
In Penola there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Penola is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Penola leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Lower than average population density constrains growth in Penola to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Penola the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
General Points of Interest
Bowls club
Population
(Country of Birth not stated 2%)
Are people healthy?
There are a recorded 403 asthma sufferers and 242 people living with diabetes. In addition, 194 people have a heart/vascular condition and 336 people live with three or more chronic diseases.A good place to invest in property?
Penola a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
South Australia State average 45 / 100
Income
27 / 100
44 / 100
Industry
02 / 100
34 / 100
Population
19 / 100
37 / 100
House Prices
36 / 100
62 / 100
Jobs
09 / 100
33 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
-
Nangwarry Primary School
Nangwarry, SA, 5277 State R-7 -
Kalangadoo Primary School
Kalangadoo, SA, 5278 State R-7
Property Story
2 Neilson Street, Penola, Sa, 5277 is a residential property with 3 bedrooms, 1 bathrooms and Parking spaces. The estimated value of this home is $300,000 while properties of this type typically sell for between $150,000 and $610,000 in this suburb. The estimated distance to the sea is 62.19km and at least 1.26KM to vegatation considered to be a factor in bushfire risk.Local Developments
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz 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 Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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