Nestled in the serene cul-de-sac of Penrose Road, this charming 5-bedroom, cross-lease property, built in 1940 with wood and iron construction, offers a spacious and versatile layout. The average-condition walls and roof are complemented by a floor area of 154 square meters, providing ample room for families to grow. The property, valued at $1,100,000 as per the latest government valuation in June 2021, has seen a CV increase of 34.15% since July 2017, reflecting its growing investment potential. The recent HouGarden AVM estimates the property's worth at $1,052,500, while the last sale in 2013 was for $475,000.
With a convenient location, the property falls within the zones of esteemed schools such as Baradene College (decile 9), One Tree Hill College (decile 3), and Bailey Road School (decile 3), ensuring quality education for the family. The residence features separate living areas on each level, a renovated kitchen with a composite stone benchtop, and a dedicated study, making it ideal for modern living and remote work. Brand new carpeting and flooring, a single-car garage, and additional parking add to the appeal of this property in a sought-after area with easy access to public transport and the Sylvia Park shopping and dining precinct.
For those seeking a home in a prime school zone with a promising capital value growth history, this property presents a golden opportunity.
Updated on October 21, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.19 km | 2 | 1 | -m2 | Year 2024 Month 11 Day 27 | $610,000 | Council approved | |
 | 0.07 km | 3 | 1 | -m2 | Year 2024 Month 10 Day 19 | $960,000 | Council approved | |
 | 0.20 km | 3 | 1 | 125m2 | Year 2024 Month 08 Day 30 | $905,000 | Council approved | |
 | 0.28 km | 3 | 1 | -m2 | Year 2024 Month 08 Day 01 | - | Council approved | |
 | 0.14 km | 2 | 1 | 60m2 | Year 2024 Month 07 Day 02 | $656,000 | Council approved |