5 Coombe Street

Nestled within the peaceful township of Nangwarry, 5 Coombe Street presents an affordable opportunity packed with potential for buyers ready to roll up their sleeves and create something special. Offered with a price guide of $230,000, this property is ideal for first home buyers, renovators, investors, or those seeking an affordable regional lifestyle with space to grow. The home offers three bedrooms, one bathroom, a separate toilet, and a rear laundry, providing a functional layout ready for renovation and improvement. Whether you choose to move in and renovate over time or secure the property as an investment project, there is enormous scope here to add value and make the property your own. Rich in forestry history and surrounded by natural beauty, Nangwarry is a quiet and welcoming community perfectly positioned between Penola and Mount Gambier, offering convenient access to larger town services while maintaining a relaxed country atmosphere. The township is home to a well cared for forestry museum and community centre that celebrate the area's proud history, along with a local primary school and school bus services to secondary schooling in Penola. Residents also enjoy the convenience of a local GP service operating on Wednesdays, together with a popular local roadhouse and takeaway that remains a valued hub for the community. Features include: • Affordable renovation opportunity with excellent potential to add value • Rear laundry • Functional layout ready for improvement and renovation • Positioned within the Township zoning • Minimum site area requirement of 900sqm • Hazards Bushfire High Risk Overlay applies • Flooding Evidence Required Overlay applies • Native Vegetation Overlay applies • Water Protection Area Overlay applies • Convenient location between Penola and Mount Gambier • Quiet regional lifestyle with strong community spirit • Close to local primary school and bus services to high school in Penola • Nearby GP service available on Wednesdays • Popular local roadhouse and takeaway nearby • SAPPA report available This property will conduct an online marketing campaign for 14 days. This campaign will end on Wednesday May 13th 2026. All offers and conditions will then be presented to the vendors for their consideration and final decision. Additional Property Information: Land Size: 839m2 Rental Appraisal: A rental appraisal has been conducted for approximately $310 to $330 per week. RLA - 291953