78 Penola Road, Mount Gambier SA 5290

78 Penola Road, Mount Gambier SA 5290
78 Penola Road, Mount Gambier: a 1950-built residential house with a fully self-contained granny flat. Five sleeping areas (four in main, one loft-style in granny), three bathrooms, three toilets. Land size 1,133 m². Main residence single-level approx 146 m²; granny flat two-level. Premium renovation includes gas ducted heating, new AC, polished timber floors, updated kitchen with granite and stainless steel appliances, new bathrooms, roller shutters, window replacements. Two sheds (5x4m, 9x6m) and a large undercover entertaining area. Suburban neighbourhood zoning. The dual-living configuration is regarded as a rarity in suburban Mount Gambier, providing flexibility for multi-generational households, investors seeking separate rental streams, or downsizers wanting guest accommodation. The 1,133 m² land parcel is notably larger than typical suburban lots, offering space for sheds, caravan parking, and outdoor living that is uncommon in the area. The renovation has been executed to a premium standard, lifting the property’s condition well above average for its era. Conveniently positioned minutes from the CBD with bus stops opposite, the property combines accessibility with a quiet family-oriented setting. This property best suits buyers who prioritise versatility and income potential, or those who value a move-in-ready home with separate living quarters. The 1950 construction, though comprehensively renovated, might require ongoing attention to structural elements not covered by cosmetic updates. The estimated rental yield from the dual-living setup could be considered moderate for this configuration type. Suburban neighbourhood zoning may limit options for further subdivision or major expansion beyond current use. These factors should be weighed alongside the proven income potential and the property’s rare layout when forming a view on price.
Detailed Independent Property Report prepared  by PropCred Analyst team for 78 Penola Road, Mount Gambier SA 5290
Checks found:
Value Risk
Liquidity Risk ! 1
Planning Risk ! 1
Income Risk ! 1
Execution Risk ! 1
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

Market Insight

Mount Gambier is a stable regional centre with a market driven by strong local demand from established families and service-sector workers. Recent price growth has been robust, supported by high sales volumes and exceptionally tight rental conditions with low vacancy. Future growth is anchored by its regional appeal and steady population, though affordability pressures and constrained housing supply present key constraints to watch.
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

1

Land

1133m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat