Coorumbene, 621 Penrose ROAD Penrose NSW 2579
This property is Off Market
- Last sold 10/19/2018 for $1,815,000. The Average property price in this area is $1,670,107, this is based on recent transactions.
- Internet speed Download 50 Mbps / Upload 20 Mbps
- Distance to the coast 48.71 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
- 10/10/2024 555 PENROSE RD $1,075,000
- 3/15/2024 1051 PENROSE RD $2,500,000
- 3/1/2024 77 DUNLOP LANE $1,312,000
- 12/6/2023 380 KAREELA RD $710,000
- 11/21/2023 212 TEUDTS RD $1,165,000
About Southern Highlands
With an average age of 55, households expect an average monthly mortgage payment of $1,580 or a weekly rent payment of $395. The average family earns a weekly income of $1,395 with a typical household size of 2.2 and a 90.98% employment rate.
Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Low average incomes in Penrose 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. The slightly lower than average earnings from occupations in Penrose changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Penrose 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.
Public Transport
Marulan
General Points of Interest
The Old Goods Shed
Southern Villages War Memorial
Sylvan Glen Golf Course
Erith Coal Mine
Fern Glen
Wishing Well (Natural Feature)
Population
(Country of Birth not stated 7%)
Are people healthy?
There are a recorded 615 asthma sufferers and 336 people living with diabetes. In addition, 473 people have a heart/vascular condition and 595 people live with three or more chronic diseases.A good place to invest in property?
Southern Highlands 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
New South Wales State average 59 / 100
Income
18 / 100
31 / 100
Industry
10 / 100
22 / 100
Population
08 / 100
19 / 100
House Prices
59 / 100
60 / 100
Jobs
20 / 100
29 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
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School CatchmentsPenrose PS Moss Vale HS
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Wingello Public School
Wingello, NSW, 2579 State K-6 -
Penrose Public School
Penrose, NSW, 2579 State K-6
Property Story
Coorumbene, 621 Penrose Road, Penrose, Nsw, 2579 is a residential property with 4 bedrooms, 3 bathrooms and 2 Parking spaces. The estimated distance to the sea is 48.71km and 0.42KM 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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