78 Penola Road, Mount Gambier$759,000
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For Salehouse

78 Penola Road

Mount Gambier, SA 5290, Australia
$749,000 – $769,000
4 bed 2 bath 1 car1133 m²

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About this property

Positioned just moments from the heart of Mount Gambier, 78 Penola Road delivers a rare blend of high-end renovation, flexible living and proven income potential-crafted with a clear focus on quality, comfort and long-term appeal. Ample car parking, caravan space with bus stops directly opposite the home for those not requiring own transportation. From the moment you step inside, the attention to detail is evident. The main residence has been thoughtfully renovated throughout, showcasing a modern kitchen finished with striking granite benchtops, new splashbacks, quality appliances and a functional, modern layout designed for both everyday living and entertaining. Timber floorboards flow seamlessly through the kitchen, dining and living zones, adding warmth and cohesion to the home's interior. Accommodation is generous, with three well-proportioned bedrooms, both mains each complete with built-in cabinetry. The central living area provides a relaxed yet refined space to unwind, while the dining zone connects effortlessly to the kitchen, creating a practical and inviting hub for family life. Stepping outside, the property continues to impress. A large backyard is complemented by expansive undercover entertaining areas-perfectly suited to year-round gatherings, whether it's hosting guests or enjoying quiet evenings at home. What truly sets this property apart is the fully self-contained, high-quality granny flat positioned at the rear. Beautifully finished and fully furnished, it offers a loft-style bedroom and living space above, with a well-appointed kitchenette, bathroom and dining area below. Ideal for guest accommodation, extended family, or continued short-term rental use, this space adds a significant layer of versatility and value. the property presents an outstanding opportunity for buyers seeking a home with established income potential or a flexible dual-living setup. The sale presents a genuine and motivated opportunity for the next owner to capitalise on both lifestyle and return. With its premium finishes, thoughtful design and unbeatable proximity to the CBD, this is a property that stands apart-offering a complete lifestyle package in one of Mount Gambier's most convenient locations. Both residences acquitted with new AC Units, main residence new gas ducted heating throughout. New blinds, high quality sheers, roller shutters and full window replacement throughout allowing you to walk A WIWO opportunity with quality furniture and linen. A home of this calibre, with this level of flexibility, is rarely offered. You can rely on it to impress.

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
4
Bathrooms
2
Parking
1
Land Area
1133 m²
Listed
1 week ago

Repayment calculator

$3,680/month
$1,840 /fortnight
Loan $607,200 at 6.10% over 30 years

Upfront costs

Deposit$151,800
Stamp duty$35,575
Conveyancing (est.)$2,000
Total upfront$189,375
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Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Mount Gambier

This 4-bedroom house in Mount Gambier, SA 5290 sits within reach of public transport, local shops and nearby schools. It is listed 25% above the $605,000 median of 59 comparable houseswithin 5 km.

Schools near Mount Gambier

  • Gordon Education Centrecombined · U · CoEd
  • St Martins Lutheran Collegecombined · R-12 · CoEd
  • Tenison Woods Collegecombined · R-12 · CoEd
  • McDonald Park Schoolprimary · U, R-6 · CoEd
  • Melaleuca Park Primary Schoolprimary · U, R-6 · CoEd
  • Mount Gambier North Primary Schoolprimary · U, R-6 · CoEd

What's nearby

  • Unnamed (bus)1.2 km away
  • OG Roberts Used Cars583 m away
  • Frew Park573 m away
  • Unnamed607 m away
  • Unnamed676 m away

Mount Gambier at a glance

Full suburb profile
Population
25,591
Median age
41
Household income
$1,197/wk
Median rent
$220/wk
Median mortgage
$1,083/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Mount Gambier price trend

Median sold · House 4 bed

Compound growth +12.0% / yr over 4 yrs

$670kcurrent median

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