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16-20 Julian Street West, Penola SA 5277

Expressions Of Interest By 16th November 2026

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$700k - $770k High Confidence Calculated based on strong search observations.

House 3 Beds 1 Bath 2 Cars 6035 m² 53 m²

Listed: 14 days ago

Overview

This unique property is a significant historical offering located in the sought-after township of Penola, South Australia. Spanning over 6,000 square metres and encompassing three separate titles, it presents a rare chance to acquire a substantial parcel of land anchored by an original stone residence built and first inhabited by Penola's founder, Alexander Cameron.

The heritage home expresses timeless character, boasting high ceilings, a wide central hallway, ornate fireplaces in its three bedrooms and formal lounge, as well as leadlight windows that enhance its classic appeal. Though the residence is in need of restoration, it carries immense charm and provides a remarkable opportunity for those passionate about preserving local history.

Beyond the residence, the extensive land and existing council overlays support diverse development possibilities, including retirement and supported accommodation options, reflecting the area's zoning advantages. The property further includes practical amenities such as functional shedding, an original outhouse, a rainwater tank, and three working bores, adding utility to this captivating site.

Ideal for developers, investors, or private buyers seeking to establish a distinctive estate or undertake restoration, this offering enables a one-line sale of all titles, creating significant scope to realize varied visions in a community known for its cultural richness and proximity to renowned wine regions. Overall, this property combines historical significance with compelling development potential, set within a vibrant rural lifestyle setting.

Local Market Insights

In Penola, Quiet Listings observed 4 new houses entering the market over the last 30 days, up from 3 during the previous 30-day period, with an average advertised asking price of $497,500. All new listings observed during this period were Houses. The most active agency for houses in the Penola area is currently Ray White, representing 50% of new listings, followed by Malseeds Real Estate with 25%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.